How is Umbrella Coverage Different From My Current Policies?
You’re already covered by your car and homeowner’s insurance policies, so why, you may be thinking, would I need even more coverage on top of all of that? We get it: At a certain point, it starts to seem like you’re being coerced into buying insurance for your insurance. But there’s a limit to your coverage, just like there’s a limit to your patience. Follow us, and we’ll explain how umbrella coverage can work for you.
You car and homeowner’s insurance are a solid foundation, but they’re not foolproof. A personal umbrella policy would provide another layer of protection, supplementing that coverage. What that looks like in real time is more of the cost of an emergency—repairs, replacement, medical attention—covered by your insurance, in a day when any one of those expenses could instantly spell thousands of dollars.
Likewise, umbrella liability insurance safeguards your assets in the event that you fall on the wrong side of a civil suit judgment. In an increasingly litigious culture, where settlements are reaching astronomical amounts, and the potential to lose everything always looms, the savvy move is to prepare for such a moment. An umbrella policy helps to ensure that some of your most hard-earned possessions—your home, your cars—are not lost in one, swift judgment. Even if such an occasion never comes to pass, at the very least, you’ve bought yourself some peace of mind.
Personal umbrella policies are typically available in million-dollar increments. For a free, no-obligation quote, contact Peter Green Insurance.
Disclaimer: Our website is for informational purposes only, and does not create any rights or obligations on the part of the agency, agents and/or broker to the reader. Applicable law and your insurance policies written words including the terms, conditions, amounts, limits, and exclusions are your specific rights in the event of a claim or dispute. Only the policy describes what your insurance company will pay.