Umbrella insurance: The ultimate safeguard for your financial security

Umbrella insurance: The ultimate safeguard for your financial security

November 15, 2023

Are you worried about potential lawsuits that could leave you financially devastated? Do you want to protect your assets and future earnings? If so, umbrella insurance may be just what you need.  

Umbrella insurance is an extra layer of liability protection that goes beyond the limits of your existing insurance policies, such as auto or home insurance. It provides coverage for damages or injuries that exceed the limits of your other policies. It may respond to liability losses that may not be covered by those policies.  

For example, let's say you're involved in a car accident and the other driver is seriously injured. Your auto insurance policy may have a limit of $300,000 for bodily injury liability, but the other driver's medical bills and lost wages could easily exceed that amount. Without umbrella insurance, you could be on the hook for the difference, which could be tens or even hundreds of thousands of dollars.  

Umbrella insurance can also provide coverage for situations that may not be covered by your other policies, such as libel or slander lawsuits or accidents that occur on your property.  

The good news is that umbrella insurance is relatively inexpensive compared to the amount of coverage you get. For a few hundred dollars a year, you can get millions of dollars in additional liability coverage.  

So, if you want peace of mind and protection for your assets and future earnings, consider getting umbrella insurance. Contact us today to learn more and get a quote. 

This blog post is not offered, and should not be relied on, as insurance advice. You should consult an insurance agent for advice in specific situations.