Q. How do I know if I need a personal umbrella liability policy?
A. In the past, the only people who needed personal umbrella liability policies were wealthy individuals with considerable personal assets that would be at risk in a lawsuit. However, in our litigious society, many people are opting for more liability insurance than that provided under their homeowners and automobile insurance policies. A personal umbrella policy is ideal to provide this protection.
Posted in: Personal Umbrella
Q. What is a personal umbrella liability policy?
A. The personal umbrella liability policy is an insurance contract with two goals:
- To increase liability protection beyond what the policy owner already has in his or her homeowners and automobile insurance policies.
- To fill gaps in a policy owner's liability coverage that are not covered by automobile and homeowners policies.
When combined with homeowners and automobile insurance policies, umbrella policies provide broad personal liability protection.
Posted in: Personal Umbrella