You may need an Umbrella if you…
-Own a home or a condo
-Have a teenage driver
-Own a pet
-Have a swimming pool
-Have a boat or use of a boat
What is personal umbrella insurance?
Personal Liability Protection that extends coverage well above the liability limits of your other policies, such as your: Home, Auto, Watercraft, Recreation Vehicle, Rental Property, Some Business Pursuits, and more.
Home and auto insurance is an important step in your financial planning and a great way to help protect your family’s assets. But, it is not without limitations. You can choose the amount of coverage you wish to own. But, these personal insurance policies will only cover up to a certain dollar amount. For liability coverage beyond those limitations, you will need umbrella insurance.
Think of umbrella insurance as a blanket policy that adds another layer of liability coverage on top of your basic policies. When you’ve reached the liability limits on your home, auto, watercraft, motorcycle, rental property and some business pursuits insurance, your umbrella insurance can help cover the remaining costs.
What are the benefits of personal umbrella insurance?
Standard insurance policies do provide valuable protection. But, there is still a chance that you can become financially liable for a sum larger than what your policies will cover. For instance, say you have a fire in your home, and it spreads to destroy your neighbor’s property. Does your home insurance policy include enough liability coverage to pay for the damages?
An Umbrella can protect your assets if you are held liable for property damage or bodily injury.
It can also help cover legal fees, false arrest, libel and slander. If you are sued and do not have
enough coverage with your standard policies, all your assets are exposed. This can include your
house, car, financial and retirement accounts, and future income.
Learn more about umbrella insurance
If you want to help protect you and your family from financial ruin due to an unforeseen accident,
you may need an umbrella policy, call D. Ward Insurance today at 770-974-0670