A personal umbrella insurance policy is an extra layer of protection for you and your family that typically extends over your personal homeowners liability insurance, as well as your automobile liability to others.
As you age, you have more to protect. A home, vehicles, rental properties, your children, and even increased income all factor into how much insurance you should carry to protect your assets.
A personal umbrella policy is truly meant for catastrophic events to cover the cost of a lawsuit. Consider how much an average lawsuit can cost for an injury, including court and attorneys’ fees. Do your auto or homeowners policies have high enough limits to cover all your expenses in a major event?
A personal umbrella policy can add to your amount of coverage and can often be purchased from the same insurance company that provides your homeowners and auto policies. In today’s litigious society, personal umbrella insurance is an affordable addition to your portfolio of protection.