Why do I need Umbrella Coverage?

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What happens if you are responsible for an accident and the liability costs exceed the limits of your auto or home insurance policy? You have to find the rest yourself, and that could mean a lien on your home, the loss of other assets, or even garnished wages.

As liability and lawsuit costs rise, standard policy limits — usually around the $300,000 mark — will be less likely to cover them all.

Fortunately, there’s a low-cost solution: umbrella insurance, which adds to those limits and keeps your assets out of others’ hands. For a minimal amount of money, you can add another million dollars to those limits. For a few dollars more, you can up coverage to $5 million. If you’d like to know more about umbrella insurance, please contact us.

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