Personal Umbrella Insurance

Enhanced Explanation of Personal Umbrella Insurance

What is Personal Umbrella Insurance?

Home and auto insurance policies are essential for protecting your family's assets, but they have limitations. These policies typically have coverage limits, meaning they only cover losses up to a certain amount. For protection beyond those limits, you need personal umbrella insurance.

Why is Personal Umbrella Insurance Important?

• Enhanced Protection: Umbrella insurance provides an extra layer of protection beyond your primary home and auto insurance policies.
• Protection from Large Lawsuits: It can help cover significant legal judgments and settlements if you are held liable for:
  • Bodily injury: Injuries to others caused by you or members of your household.
  • Property damage: Damage to others' property caused by you or members of your household.
  • Other liabilities: Such as defamation, libel, and slander.
• Asset Protection: If a lawsuit exceeds the limits of your primary insurance, your personal assets, including your home, vehicles, savings, and retirement accounts, could be at risk. Umbrella insurance helps protect these assets.

How Does Umbrella Insurance Work?

• Excess Coverage: Umbrella insurance acts as an excess layer of coverage. Once the limits of your underlying home and auto insurance policies are exhausted, your umbrella policy kicks in to cover the remaining costs.

Protect Your Family's Financial Future

If you want to safeguard your family's financial well-being from the devastating impact of a significant lawsuit, consider adding a personal umbrella insurance policy to your existing coverage.

Contact us today to learn more about how personal umbrella insurance can protect your family's assets.

910-223-3066