In some cases, you may choose to add an umbrella policy to your residential insurance coverage. This is an additional layer of protection for you on your premises in cases of injury to others or damage to another person’s property. Umbrella policies cover you in cases of a lawsuit when your core policy dollar amount is not sufficient to meet your legal obligations. An umbrella policy is a useful addition for those who have more assets or who may be at a higher risk for liability. (Such as owning a pool or hosting gatherings on your property)
What’s Peace of Mind Worth to You?
An umbrella policy provides additional layers of liability protection. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over and provides you with additional protection.
The cost is minimal compared to the comfort of knowing you’re covered.
Do You Have Enough Liability Insurance?
Imagine what would happen if your dog was to bite a neighbor’s child, or if there was an accident on your rental property. What would happen if a fire in your condo spread to other units?
If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets, or your future earnings.
Liability Insurance Starts When the Others Stop
Once the liability limits are exhausted on your home, auto, or other policy, your umbrella policy takes over and provides a second layer of protection of at least $1,000,000. Higher limits may also be available.
Talk with Intelli Choice Insurance to determine the right amount of coverage for your needs.
An umbrella insurance policy also pays some claims not covered by your home, auto, or other underlying insurance. The policy covers not just you, but your spouse and all family members living in your household, anywhere in the world. Legal defense fees are also paid.
To really feel secure about protecting your assets and your future, you may need the extra level of protection provided by a personal umbrella liability insurance policy. After all, the right coverage for you is unique. Talk to us today to find out how to protect yourself, your family, and your future with the right personal