Sometimes traditional insurance policies leave gaps in coverage. These gaps can leave you vulnerable, especially if a lawsuit is brought against you.
Umbrella insurance is suitable for everyone, not just business or property owners.
If you’re interested in learning more about umbrella insurance, please contact our office.
Let’s say you’re in an auto accident and the other driver sues you and wins a judgment for $800,000 to cover damages and injuries.
Your auto insurance policy only covers up to $300,000, which means you would owe $500,000 out of your own pocket. Do you have $500,000 laying around? Neither do we.
A situation such as this can put your home, retirement savings, and family’s financial stability at risk. In a worse case scenario, you could end up bankrupt.
But not if you have umbrella insurance. An umbrella insurance policy can provide for amounts that exceed coverages offered in your auto or homeowners policies.
The good news is that umbrella insurance isn’t expensive for the amount of financial protection and peace of mind that you gain.
A common price range is $150-$300 per year for coverage of up to $1 million.
Contact us if you’d like to get a quote for umbrella insurance.
Request an insurance consultation to review how you can:
Be sure you’re protecting what’s most valuable to you and that you’re not overpaying for insurance.Schedule a No-obligation Insurance Review