mbrella coverage provides extra benefits beyond the limits of other policies. Is the liability insurance you have with your auto or home policy enough to cover all your assets? A severe car accident or mishap on your property could trigger a costly legal claim in excess of the liability insurance coverage you have on your auto or home.
What is umbrella insurance? Umbrella insurance provides an additional layer of personal liability protection. A single policy covers all underlying policies you own (auto, home, motorcycle, boat, etc.) and kicks in if the liability limits on these policies are exhausted. And compared to the risk of a catastrophic event, umbrella insurance is affordable, which will give you the peace of mind that comes with $1 million in coverage.
Who should consider Umbrella insurance? Anyone who owns assets that exceed the liability coverage included in vehicle or property insurance should consider a personal umbrella policy. These assets can include home equity, college and retirement savings, a second home, stocks and bonds.
Tragedy can happen to anyone… Make sure you’re well prepared for it.