Umbrella Insurance protects you from liability issues that go beyond the liability limits of standard insurance policies, such as your homeowner’s insurance, car insurance, etc. This policy is literally an umbrella of protection that goes over your other personal liability coverage. It is relatively inexpensive.
Most liability coverage that is included in your current insurance policies only cover bodily injury and property damage to others. Umbrella policies will extend those limits to not only provide additional coverage for bodily injury and property damage, but also to cover things that are not included under regular liability policies.
You may not think you need an umbrella policy, but consider this: What happens to you and your family’s assets should you be sued for something that occurred at your home and the legal costs of the lawsuit greatly exceed the liability coverage included in your homeowner’s policy? What would happen if you are responsible for a multi-car accident and your liability costs exceed the limits on your car insurance by thousands of dollars? An umbrella policy could really help.
Some of our companies offer discounts on all lines of business with the same insurance company. So, your home and auto premiums may decrease if we add an umbrella insurance policy, making the umbrella cost even less.