Personal Umbrella Insurance is a type of liability coverage that supplements your existing insurance policies, such as homeowners, auto, or watercraft insurance. It provides an additional layer of protection by increasing your liability limits, shielding you from potential lawsuits and claims that exceed the limits of your primary policies.
A Property Renters Policy, also known as Renters Insurance, is a type of insurance coverage specifically designed for individuals who rent their living spaces. It provides protection for your personal belongings, such as furniture, electronics, and clothing, against various risks like theft, fire, and water damage. Additionally, it can also include liability coverage in case someone is injured on your rented premises.
In today's litigious society, even a seemingly minor incident can lead to significant financial consequences. A personal injury claim, a car accident, or property damage caused by you or a family member can result in legal fees and settlements that quickly deplete your assets. Personal Umbrella Insurance acts as a safety net, offering higher liability limits to protect your financial well-being.
Personal Umbrella Insurance typically provides liability coverage in increments of $1 million or more, depending on your needs and assets.
Personal Umbrella Insurance can cover a wide range of claims, including personal injury, property damage, landlord liability, defamation, and more. It can also provide coverage for claims that may not be covered by your primary insurance policies.
Yes, most insurers require you to have certain underlying insurance policies, such as homeowners and auto insurance, with minimum liability limits before you can purchase Personal Umbrella Insurance.
The cost of Personal Umbrella Insurance varies depending on factors such as the liability limit you choose, your risk profile, and the insurance company. Our experts can help you find the most affordable options without compromising on coverage.