Imagine your child and his friends playing with the new family puppy in the garden. Suddenly the dog bites your son's friend in the face and causes permanent damage. You are legally responsible for the costs, and the limits of your homeowners policy are not enough to cover the damage. Or this one … imagine your family is on their way to your favorite restaurant for dinner on a rainy night. Slippery conditions cause the car to slip off the sidewalk on the axle. Your spouse corrects too much and sends the family car directly in the path of an oncoming vehicle. Your car liability cover is not enough to pay for the damage to the other car's passengers.
Do you think that could not happen to you? The stark reality is that such accidents occur almost every day. Fortunately, protection is available should the unthinkable happen.
In general, a personal umbrella policy offers additional amount of liability insurance coverage over what most primary liability insurance provides. Depending on the liability insurance limits you choose, the personal umbrella policy can give you, your spouse and children living with you $ 1 million or more in liability insurance coverage for losses covered.
An umbrella policy provides an extra layer of liability protection above your home, car and boat policies in the event that a covered loss of liability exhausts the limits under these insurances. This includes coverage such as bodily injury, damage to other people's property, slander and libel. For example, if you hit another vehicle and the accident, unfortunately, harms someone other than the coverage you have on your car policy, your umbrella policy comes into play and provides additional coverage for the injured person, while providing time to protect you and your assets.
If you are reading this and do not have an umbrella policy, contact your independent agent and get one! The peace of mind that comes with the extra protection of an umbrella policy is well worth the extra cost.
For more information on the importance of personal umbrella policy, see this …
The information above is of a general nature and your policy and coverage may differ from the examples. Read your insurance in its entirety to determine your available coverage.
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