Umbrella Insurance provides additional coverage for your car, home, boat, or rental property when the limits of your primary policy have run out. The added coverage can protect your personal or business assets if a person files a claim against you.
It’s recommended that every person gets an Umbrella Insurance policy with a minimum of $1 million in protection. Your insurance protection should match your net worth.
Auto accidents and injuries can happen without notice. An Umbrella Insurance policy can protect your home, bank account, and future earnings.
An Umbrella Insurance policy isn’t used until a claim has exhausted your primary insurance policy. Here’s an example of how it works.
As a result of an automobile accident, Jim is being sued for $500,000. His basic policy only covers up to $300,000. Since Jim has an Umbrella Insurance policy, the additional $200,000 will be covered by this policy.
Umbrella Insurance provides coverage for automobiles, homes (including rental units), and boats. It increases the limits for the following insurance claims:
The main benefit of having Umbrella Insurance is it extends the amount of coverage for your basic policy. Most auto insurance policies cover up to $300,000 in coverage for liability. With an Umbrella policy, you can extend your coverage to $1 million or more.
Other benefits of Umbrella Insurance include:
Not only can Umbrella Insurance coverage protect your future, but it can also protect your peace of mind. Contact an insurance agent to determine if an Umbrella Insurance policy is right for you.
Secure the BEST