Extra Protection with a Personal Umbrella Policy
A Personal Umbrella policy provides an extra layer of liability protection above the limits of your home, auto, boat, or other personal insurance policies. It is designed to help protect your assets, savings, future income, and financial security in the event of a major claim or lawsuit.
Umbrella coverage can help pay for damages, legal defense costs, settlements, and judgments when the liability limits on your underlying policies have been exhausted. This protection may apply to situations involving serious auto accidents, injuries occurring on your property, lawsuits for bodily injury or property damage, and certain personal liability claims such as libel or slander.
Personal Umbrella policies typically start with a minimum limit of $1,000,000. In today’s world, however, that amount alone may not be enough to fully protect your assets and future earnings. We always recommend discussing your personal financial situation with your accountant or financial advisor so we can help structure an umbrella policy with limits that properly protect you and your family.
In today’s environment, lawsuits and claim costs can easily exceed standard insurance limits. A Personal Umbrella policy offers added peace of mind by providing broader protection at an affordable cost.
