An umbrella insurance policy is extra liability insurance coverage that goes beyond the limits of the insured’s home, auto or watercraft insurance. It provides an additional layer of security to those who are at risk for being sued for damages to other people’s property or injuries caused to others in an accident. It also protects against libel, vandalism, slander and invasion of privacy.
An umbrella insurance policy is very helpful when the insurance owner is sued and the dollar limit of the original policy has been exhausted. The added coverage provided by liability insurance is most useful to individuals who own a lot of assets or very expensive assets and are at significant risk for being sued.
Umbrella insurance is often referred to as excess liability insurance. It acts as a fail-safe for your savings and other assets. If a policyholder is sued for damages that exceed the liability limits of car insurance, homeowners insurance or other coverage types, an umbrella policy helps pay what they owe.
Let’s Talk About Your Personal Umbrella Insurance
Reach out to one of our trusted insurance advisors today. We will help find you the right umbrella insurance. You are under no obligation, we just want to give you some friendly advice.