Umbrella InsuranceIn this day in age, it's not uncommon to be sued for more than $100,000 or even $1,000,000. With that in mind, the most likely event is to be found at fault in an auto accident. Medical costs alone can exceed $100,000 per person easily. Now imagine if there were 2, 4, or even 6 people in the car.
How it worksUmbrella insurance is designed to give an added liability protection above that goes beyond the limits on homeowners, auto, and watercraft personal insurance policies. With an umbrella policy, depending on the insurance company, one can add an additional one to five million in liability protection. This protection will "kick-in" in the event that liability on other current policies has been exhausted.
Protect Your AssetsWe can help you find an umbrella insurance policy that meets your specific needs. Here are a few things to discuss when you talk:
- Discuss your financial status, lifestyle, and current and future assets.
- Ask your agent to review the liability limits in your current policies.