What is a Personal Umbrella and Do You Need One?
Your main priority is to protect your family and assets, but what if you find yourself in a situation where your insurance is not enough?
A personal umbrella policy provides additional levels of liability protection. If the liability limits on your home, auto, or other insurance policy are exhausted, your umbrella insurance policy steps in and provides you with additional protection. The cost is minimal compared to the peace of mind of knowing you’re covered.
Knowing your personal umbrella policy options
Do you know what would happen if you seriously injured or killed someone in an auto accident? Or if your dog attacked a neighbor’s child? These are not things we like to think about, but if they did happen, chances are your auto or home liability limits may not be enough to protect you and your family’s assets. Coverage limits start at $1,000,000 and higher limits may be available. In most cases, this secondary limit of protection costs less than $1 per day and covers not only you, but your spouse and all family members living in your household. Legal defense costs are also paid.
Personal umbrella policies start at $1,000,000 dollars and higher limits may be available. In most cases, higher limits of protection costs less than $1 dollar per day and covers not only you, but your spouse and all family members living in your household. A personal umbrella insurance policy covers legal defense costs.
Get in touch with a Founders Insurance agent in Woodstock, GA for more information or to get a quote on a personal umbrella policy.