If you are at-fault in a bad accident and there’s an injury, you’re going to wish you have umbrella coverage.
A Personal Liability Umbrella Policy “sits-over” your home and auto liability limits. Coverage limits start at $1,000,000 and provides you protection from lawsuits.
Coverage is relatively inexpensive to purchase. $1,000,000 of coverage sitting over two autos and a home would cost about $200 annually.
Umbrella Policies require underlying motor vehicle liability limits of $250,000 per person/ $500,000 per accident.
In addition to coverage limits, insurance companies provide legal defense.
So, in essence, when you purchase higher limits you are also purchasing improved legal defense.
Umbrella Insurance protects your assets. If you don’t have an umbrella policy, you should. It’s an important part of one’s financial portfolio.
Please call or click if you would like to discuss Personal Liability Umbrella Coverage.