A Personal Liability Umbrella Policy “sits-over” your home and auto liability limits.
Coverage starts at $1,000,000 and provides protection from lawsuits.
Coverage is relatively inexpensive to purchase.
For $1,000,000 of Personal Liability Umbrella Coverage sitting over two autos and one home, the annual premium should be somewhere around: $180.
Umbrella Policies require underlying auto insurance limits of $250,000 per person/$500,000 per accident and $100,000 of property damage coverage.
In addition to coverage limits, the insurance company provides legal defense.
So, in essence, when you purchase higher limits you also purchase improved legal defense.
Please call or click Johnson & Rohan Insurance if you would like to discuss Personal Liability Umbrella Coverage.