A personal umbrella insurance policy is a personal insurance policy that provides excess liability above and beyond the limits of liability of your personal auto and homeowners policies. An umbrella policy protects your personal assets (current and future) from being pulled into a lawsuit resulting from a car or property accident when your underlying policies’ liability limits are insufficient. Don’t leave your personal assets out in the storm, grab an umbrella and protect them today!
Umbrella Insurance Liability Requirements
Personal umbrella policies require a certain amount of underlying liability. These underlying liability requirements are usually $300,000 personal liability on your homeowner’s policy and $250,000 per person/$500,000 per accident/$100,000 property damage liability on your auto policy. There are carriers that may allow their umbrella policy to sit over an auto policy with lower liability limits.
Areas of Coverage
When searching for additional coverage, an umbrella insurance policy is a beneficial policy to consider. This insurance policy provides an extra sense of security for the policyholder, and works in their favor. This policy acts as a second line of defense when a costly liability suit may come up. When the original limit for liability has been reached, an umbrella insurance policy works to protect the policyholder. A personal umbrella policy will include the following coverage areas:
- Personal Injury
- Bodily Injury
- Property Damage
- Landlord Liability
This policy provides a great sense of security to the policyholder. If you’re searching for extra liability coverage, look no further than an umbrella insurance policy.
Who Should Pursue Umbrella Insurance?
An umbrella insurance policy can work for basically anyone! This policy is great for those searching for extra liability protection. An added benefit, it also extends to family members such as your spouse or your children. The worry that comes along with high-cost claims seem to melt away with this policy in place. Leave the worry and stress behind, there’s no need when you hold an umbrella policy. If the regular liability insurance coverage isn’t quite enough for you, consider an umbrella insurance policy today!
Acquire A Policy Today!
Extra liability coverage is well within grasp, especially when you’re working with the JMG Insurance Agency. Our team of talented insurance agents will assess your insurance needs and find a policy that aligns perfectly. If a storm were to come, your JMG umbrella insurance policy would hold strong in the face of high-cost claims. Work with the professionals, and acquire the proper insurance for your needs!
Individuals with assets to protect and/or children on the road are urged to have at least a $1 Million personal umbrella policy. Don’t let an unfortunate mishap affect you financially, stop by one of our many local offices or contact us online to get a quote!