Personal Umbrella Protection, Don’t Get Caught Out in the Rain.

Anyone who has ever been caught out in the rain understands the importance of having an umbrella. When it comes to insurance, getting into trouble without the proper coverage can be far worse than just feeling a little soggy. A personal umbrella policy is a way for you to protect your assets above the limits on your auto and home insurance policies. 

No one intends to get in a bad accident, or to hurt someone unintentionally but if you did, could you afford to lose everything you have to pay for it? How do you adequately protected all of your assets against the unexpected?

What is an Umbrella policy? An umbrella policy protects your existing personal assets (your home, autos, boats etc.) and your future personal assets (future wages, inheritances, and the lottery you are planning on wining) against the cost of losing a lawsuit over a car accident or an accident on your property. If you were to lose a lawsuit you could have to pay for costs like medical expenses and lost wages that could be expensive.

How does it work? An umbrella policy only comes into the mix when you have exhausted your home and auto liability coverage, or when the claim is something that is excluded from being covered under your home or auto policies. If there is a judgement against you for an accident at your home and your home owner’s policy has $500,000 liability coverage that policy will cover the first $500,000 and your umbrella would cover the remaining amount up to the limit on your policy.

How much does it cost? Depending on the coverage limits, policies can cost as little as $20 a month or around $250 a year.
For help to decide if an umbrella policy would be a smart investment for you contact one of our Customer service representatives