Why you should consider adding a Personal Umbrella Policy.
If the worst happened, are you protected?
Your auto and home owner’s insurance policies are designed to keep you protected, but sometimes that protection just isn’t enough. Bodily injury and damages from an at-fault accident can add up rather quickly and you may find yourself over your liability limits.
That’s why many choose to add an extra layer of protection, a personal umbrella policy.
A personal umbrella policy offers higher limits and much boarder coverage than your average auto or home owners policy.
· *You're responsible for an accident that permanently disables the other driver. The liability limit on the auto portion of your Home and Highway policy is $250,000 but the other driver sues for $1,000,000 which means your auto policy falls far short of what you need.
· *Your family dog bites a visitor to your home. A jury awards the victim $400,000, an amount that exceeds your homeowners' liability limit.
Why should you consider personal umbrella coverage?
1. Offers peace of mind.
To us, this is the most important reason. It assures you that you, your loved ones, and your assets are protected against large lawsuits.
2. Protects your assets.
If you exceed your auto or homeowner’s limits there is a great chance that your car, home, investments, retirement accounts, checking and saving account, and even possibly your future income can be garnished to pay off those medical bills.
3. Covers legal fees
The cost of legal defense can add up rather quickly and must be paid even if you win or lose. An umbrella policy can help offset those cost without draining your bank account.