A personal umbrella liability policy covers you in the event of a lawsuit that exceeds your personal policy(ies) limits, such as your auto, homeowners, boat insurance, etc. In today's society lawsuits are very common and being protected is the difference between losing your assets or protecting them.

Your homeowners, auto and or additional personal line insurance policies' liability coverage may not render sufficient coverage in the event of a million dollar lawsuit. By obtaining a personal liability umbrella policy you will have the additional security of protecting yourself in the event that you are found negligent for your actions and have exceeded your corresponding personal line insurance liability coverage (i.e. auto, home, boat, etc.). Think of an umbrella liability policy as supplemental coverage that you can add to your existing auto and homeowner insurance policy to extend your liability coverage in case of a lawsuit. Without proper liability insurance to cover you in the event of a lawsuit, a judgment against you could result in the courts going after your personal assets.

It is important to understand that umbrella coverage is not your first form of defense against a lawsuit. Your existing automobile policy, homeowner policy or corresponding personal line policy (i.e. boat, motorcycle, etc.) depending on where and how the damages were caused is your first line of insurance coverage. Upon exceeding their liability limit is when your umbrella policy will commence rendering protection.

Your umbrella policy will start covering you where your other personal lines liability insurance coverage ends. For example, if you have an automobile loss and you are found at fault for causing $500,000 worth of damage, be it to another person or their property, and your existing automobile policy only has $ 300,000 in coverage the umbrella policy will only cover the additional $ 200,000; for which your automobile policy falls short in covering. Without an umbrella liability policy you will be liable for the $200,000 difference which could result in the loss of some of your assets.

Umbrella liability coverage is not as expensive as you may think. However certain requirements are necessary before an umbrella policy can be issued. Give us a call today and let us show you how easy it can be to be fully protected.

Please note that the information on this site is intended for general information purposes only. In no way does the information on this site specifically refer to coverages reflected on your current and/or future insurance policy; please make certain to review your current policy in detail.