Personal InsuranceUmbrella Insurance
If you have significant assets or risk exposures, an umbrella policy will help to cover them. An umbrella policy provides liability coverage above the limit of underlying policies such as your auto, home, boat, or recreational vehicle policy. Carrying an umbrella policy can also reduce the cost of your auto and homeowners insurance.
Consider this scenario:
Your local handyman comes over to do some painting. What you don’t know is that he has no insurance. When he falls from his ladder and is severely injured, will your Homeowners policy provide enough liability coverage to cover his lawsuit?
Court judgments have been known to liquidate personal assets and garnish future wages.
In today’s litigious society, the standard liability limits on your policy just don’t cut it. Umbrella policies provide “sleep at night” coverage so that you don’t risk losing the things you’ve worked hard to obtain. They also cost much less than you might think.
Not sure if you need it? Not sure how much?