Personal umbrella insurance adds extra liability coverage over and above the limits of another insurance policy, such as auto or homeowners insurance. It can also provide coverage for claims that may be excluded by other liability policies.
Umbrella insurance policies can offer supplementary and extra coverage for:
Damage to property
Certain personal liability situations
Umbrella insurance policies can be tough to understand. In a nutshell, it's meant to protect you from large liability claims or judgments, past what your typical coverages will help you with.
To help, here's an example: say you're in a car accident that causes $200,000 worth of injury damage. The bodily injury coverage in your current auto policy covers up to $100,000. To cover the extra $100,000, that's where an umbrella policy can kick in to help.
The overall cost of an umbrella insurance policy can vary depending on a few factors.
The complexity of umbrella insurance means that there are dozens of factors involved in determining proper coverage limits, deductibles, and policy types. Give us a call at Links to help you find the perfect umbrella policy.