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Umbrella Insurance

Today, lawsuits occur with alarming frequency and juries, right or wrong, routinely award hundreds or thousands or even millions of dollars in damages.

Consider this – a neighbor slips and falls on your property and sues you. Your homeowners insurance covers $300,000 of liability insurance, but a jury awards your neighbor $1 million. Where does the other $700,000 come from? This is where an Umbrella Policy comes into play.

Umbrella liability insurance acts like an umbrella, covering your auto and homeowners liability policies with a little extra layer of protection. An umbrella policy provides higher liability limits ($1,000,000 to $5,000,000) over and above the other personal insurance policies that you currently have. Without adequate protection, your personal assets could be placed in serious jeopardy.

Check out our blog on The Benefits of Umbrella Insurance.