Personal Liability Umbrella Insurance
Your Financial Safety Net
What is Personal Liability Umbrella Insurance?
A personal liability umbrella policy provides extra liability coverage beyond the limits of your homeowners, auto, or other liability insurance policies. It acts as a safety net, protecting your assets from devastating lawsuits.
What Does Personal Liability Umbrella Insurance Cover?
Umbrella insurance can cover a wide range of claims, including:
Why Do You Need Personal Liability Umbrella Insurance?
Even with adequate homeowners and auto insurance, a single lawsuit could wipe out your savings. An umbrella policy offers financial protection in case of a significant claim that exceeds your underlying coverage limits.
Who Needs Personal Liability Umbrella Insurance?
While anyone can benefit from umbrella insurance, it's particularly important for:
Factors Affecting Umbrella Insurance Costs
Several factors influence the cost of umbrella insurance, including:
Contact us to explore a personal umbrella policy that complements your existing coverage.
A personal liability umbrella policy provides extra liability coverage beyond the limits of your homeowners, auto, or other liability insurance policies. It acts as a safety net, protecting your assets from devastating lawsuits.
What Does Personal Liability Umbrella Insurance Cover?
Umbrella insurance can cover a wide range of claims, including:
- Bodily injury: Injuries to others caused by you or members of your household.
- Property damage: Damage to someone else's property caused by you or members of your household.
- Personal injury: Claims of defamation, libel, slander, or invasion of privacy.
- Legal defense costs: Expenses incurred to defend against a lawsuit.
Why Do You Need Personal Liability Umbrella Insurance?
Even with adequate homeowners and auto insurance, a single lawsuit could wipe out your savings. An umbrella policy offers financial protection in case of a significant claim that exceeds your underlying coverage limits.
Who Needs Personal Liability Umbrella Insurance?
While anyone can benefit from umbrella insurance, it's particularly important for:
- Homeowners with substantial assets: Protects your property and savings.
- High-net-worth individuals: Safeguards your lifestyle and financial security.
- Business owners: Provides additional coverage for personal liability risks.
Factors Affecting Umbrella Insurance Costs
Several factors influence the cost of umbrella insurance, including:
- Underlying coverage limits: The amount of coverage on your homeowners and auto policies.
- Claims history: A history of claims can increase your premium.
- Location: Areas with higher risk factors may have higher rates.
- Coverage limits: The amount of umbrella coverage you choose will impact your premium.
Contact us to explore a personal umbrella policy that complements your existing coverage.
