Personal Umbrella Insurance

What is Personal Umbrella Insurance?

Personal umbrella insurance policy may be referred to as “umbrella insurance” because it provides liability coverage over and above your standard personal insurance policies. Most personal lines liability policies, such as home or auto, have limits up to which it will pay out for covered claims. Umbrella insurance can help protect you from liability claims or lawsuits that exceed the limits of your current policies.

Protect Your Financial Livelihood

Personal umbrella insurance can help protect you against potentially damaging liability claims or judgments. It provides protection by covering any liability costs that exceed your existing liability policy limits. For instance, if you cause an auto accident and a third party is injured. Your auto insurance may cover the driver’s medical costs and repair costs to their car, up to your policy’s limit. If the medical expenses or property damages exceed your policy’s limits, and it can’t adequately cover the other driver’s bills, an umbrella policy may help cover the additional costs.

Without umbrella insurance, you’re liable for paying any additional expenses out-of-pocket and your assets become vulnerable. This includes your house, car, financial and retirement accounts, and future income.

Contact Us

To learn more about this type of insurance and determine whether it’s right for you, contact us today. We can help you evaluate your needs and risks to ensure you have suitable coverage to protect your financial livelihood.