Accidents can happen at any time, and sometimes it may even be your fault.
If you are ever sued, your standard homeowners or auto policy will provide you with some liability coverage, paying for judgements against you and your lawyers fees, up to a limit set in the policy. However, in our lever increasingly litigious society, you may want to have an extra layer/layers of liability protection. This additional protection is what a personal umbrella liability policy provides.
Typically your underlying policies come with a $1,000,000 limit. The umbrella policy steps in when you reach the limit on the underlying liability coverage in a homeowners, renters, condo or auto policy.
Personal umbrella policies are one of the most important and least expensive insurance policies available, yet they are also one of the most neglected by the insuring public. Starting at around $125 to $175 per year you can buy a $1 million personal umbrella liability policy, with each additional million after that costing even less.
If you would like more information on this product, we look forward to hearing from you.