PHONE : 1-888-242-4675 | E-MAIL : Info@insureyourcompany.com
Business Type :
Login
Imagine being involved in a long and drawn out lawsuit. You’ve exceeded the liability limits that either your auto or homeowners policy covers or you have no idea how you’ll be able to pay the rest of your legal fees. Then you find out that they all could have been covered by insurance if you had spent only a few extra hundred dollars that year on a personal umbrella policy.
A personal umbrella policy, or personal liability umbrella policy as it is also referred to, is a policy that provides an extra layer of liability coverage encompassing all properties the insured owns as well as all vehicles/motorcycles/boats, etc. registered to them. Even with higher than average limits of liability on homeowners and personal auto policies, those that are insured are still at risk for liability related incidents that could exceed the policy limits. In order to qualify for an umbrella policy, underlying coverage on cars and homes must meet a minimum limit, so check with your carrier today to see if any changes need to be made to have the umbrella adequately cover both policies.
Personal umbrella policies cover all liability related occurrences. Coverage limits are provided in increments of one million dollars, up to five million total. It exists for the purpose of protecting the insured against the excess cost of lawsuits due to car accidents or incidents where someone is hurt on the insured’s property. It covers anything above and beyond the liability limits you are already insured for under your auto and homeowners policies. For example, if someone falls down a flight of stairs in your home and chooses to sue you, your personal liability umbrella will not be effective until the cost to defend yourself exceeds the $300,000 limit of liability you have on your homeowner’s policy.
A personal umbrella policy is always the most beneficial to have when there are a greater number of risks. Here are a few examples:
InsureYourCompany.com has had over a decade of experience helping clients choose the right coverages for their lives. We take the time to identify our clients’ needs and find policies that provide not only exceptional coverage but also reasonable pricing.
We believe in supporting our clients through every step of the insurance process. From choosing the right coverage to filing a claim, we are here to offer guidance and support. Request a free quote today and get coverage that meets your unique needs.