Do you need Personal Umbrella Insurance? We can help you determine if Personal Umbrella Insurance is right for you. Some of the cases included in this article make a compelling argument for it, and it's allot more affordable than you may think.
Lawsuits against individuals are common and can sometimes reach devastating levels. While your Personal Auto and Home/Condo/Renter's policies may provide coverage to help with these costs, it doesn't take much for certain lawsuit amounts to exceed the limits of those policies. For example:
Your teenager causes an auto accident that permanently disables another driver or passenger. Your pet dog bites a neighbor's child, causing both physical and psychological damages. You accidentally injure someone while boating or hunting. Your child bullies another kid online, resulting in a defamation lawsuit.
These are just a few examples of the types of personal liability lawsuit situations that tend to result in very severe lawsuit amounts. A Personal Umbrella policy protects you in these situations by providing an extra layer of liability coverage over that provided by your other personal insurance policies. The Personal Umbrella Insurance policy increases certain limits to $1 million or more, providing the extra coverage that can help secure individuals and families from severe liability costs. This affordable policy is available to policyholders who have both a Personal Auto policy and a Home/Condo/Renter's policy.
Uninsured and Under-Insured Motorists Coverage can also be added to an Umbrella policy to provide an extra layer of protection for you and your family. If you or a resident family member were to get in an accident with a driver who is at fault but who does not have insurance (uninsured) or does not have enough insurance (underinsured) to cover your injuries, this optional coverage could provide the extra funds to help pay those damages.
Content provided by the Western National Insurance Group