What is peace of mind worth to you? To really feel secure about protecting your assets you may need the extra level of protection provided by a personal umbrella liability insurance policy. The cost is minimal compared to the comfort of knowing you’re covered. The liability insurance you already have may not be nearly enough Imagine if your dog were to bite a neighbor’s child. Perhaps there is an accident on your rental property. Or a fire in your condo spreads to other units. If any of these things happened to you there’s a good chance your current liability limits would not be adequate to protect your assets—or your future earnings. Lawsuits are not limited to your net worth A lot of factors determine the amount of coverage you need. Your financial status, lifestyle and existing coverage are all relevant, but in liability lawsuits — judgements frequently exceed net worth. Talk to your agent to determine what’s right for you. You may already qualify for our umbrella coverage. To qualify you must carry Insurance with specified liability limits. Your home, renter or condominium policy must also include certain limits of liability coverage. The same applies if you own an RV, boat or personal watercraft. Other conditions may apply. Liability insurance starts when the others stop Once the liability limits are exhausted on your home, auto or other policy your Umbrella policy takes over and provides a second layer of protection of at least $1,000,000. Higher limits are available. Umbrella policies also pay some claims not covered by your home, auto or other underlying insurance. The policy covers not just you but your spouse and all family members living in your household anywhere in the world. Legal defense fees are also paid. Considering the extra security and protection it provides, personal umbrella liability insurance is surprisingly reasonable. The average cost is well under a dollar a day. These definitions are not applicable in all states or for all products. This is not an insurance contract. Other terms, conditions, and exclusions apply. Please read your policy for full details about the coverage’s. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control. |
