PERSONAL
UMBRELLAFor approximately $10/month an umbrella can provide you with excess coverage of up to $1,000,000. Coverage is available up to 2,000,000 and 5,000,000 as well. Umbrellas, also known as excess policies, cover you above your homeowners and automobile policy. Umbrellas may require higher limits on those policies.
Why A Personal Umbrella?
- Assets to protect
- Ownership of rental property
- Libel and slander protection
- Historic large automobile liability settlements
- Rapid appreciates of real estate values
How Does an Umbrella Work?
The limits on your Auto policy is $300,000. If you are in a horrible car accident that results in a fatality or worse yet multiple fatalities. So depending on 1 person suing you or multiple persons that $300,000 will be exhausted quickly. Your Auto Policy will pay up to $300,000 and your umbrella will pay up to the limit you have purchased such as $1,000,000. This is also true of the Home Owners Policy and a home owner's claim.