Having the right insurance policy can help protect yourself, your family, and your property. If you find yourself in a situation where the basic policy is not enough, and umbrella policy can be beneficial to help cover extra costs.
A personal umbrella policy is a type of insurance that provides liability coverage over and above your automotive or home owners policy. So, if your liability coverage is not enough to pay for the damages of an accident you cause or a visitor’s injuries on your property, a personal umbrella insurance policy kicks in right where your underlying policy’s coverage left off. An umbrella policy could provide the additional coverage you need so that you do not get stuck trying to pay the remaining balance yourself. This extra policy could help protect your bank account, home, and other personal property.
In most cases, personal umbrella policies are available in million-dollar increments, from $1 to $5 million. While an umbrella policy is not required, it may offer increased protection in the unfortunate event of an accident. No matter if you have questions about your existing policy, or any other insurance policy, make sure to contact us. We can review with you the different options you have, and recommend what type of insurance policy is right for you.