Umbrella Insurance
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What is a
Personal Umbrella Insurance Policy?
Protect yourself from a scenario where your “standard insurance” isn’t enough. A personal umbrella policy is called an “umbrella” policy because it provides liability coverage over and above your standard auto insurance or homeowners insurance. It offers protection for you and family in your household against large and potentially devastating liability claims or judgments. In short, a personal umbrella policy kicks in right where your other liability underlying limits have been reached. Here at the Saunders Insurance Agency we like to make sure that your liability at least coverage amount is at least as much as your assets so you don’t have to worry about those!
Why Would You Want an
Umbrella Insurance Policy?
Personal umbrella policies are optional, but they do provide extra protection. Here’s an example of why you might want one: You’re at fault for an accident that injures another driver. Your auto policy liability coverage pays up to your limit; let’s say it’s $250,000. But the other driver has a high-paying job, and she can’t work for six months because of her injuries. Now she’s suing you for $1 million, and your car insurance only covers $250,000. Your personal umbrella policy can cover the difference up to your policy limits.
Consider these potential real-life PUP scenarios:
- An accident on your swing set causes serious injuries.
- A guest has an accident around your pool that requires surgery.
- You're burning leaves and cause a fire that damages neighborhood homes.
- You accidentally crash your boat into another boat.
- Your teen driver accidentally hits a pedestrian.
- A broken step causes your babysitter or a guest to have an accident.
- Your dog bites someone and you are sued for the damages.
- You post a negative online review that results in an alleged defamation lawsuit.
Make sure you are properly protected today!
Speak with one of our staff today and they can help advise you on what coverages are best for your family!
