Umbrella Insurance

One of the Most Important Coverages You Could Own

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It happens. You’re involved in an automobile accident. One car was totaled, and your car was badly damaged. Unfortunately, there were injuries sustained to the driver and passengers in the other car. Medical bills, auto repairs, auto replacement, and then a $2 million lawsuit. Unfortunately, you have the typical $250,000 in auto liability insurance. You are liable for the rest. Where will you get the money?

A similar situation could occur with similar medical and legal liabilities should someone be injured on your property, even if it’s just an unfortunate accident.

While the typical maximum auto or homeowners insurance liability limits are $500,000, an umbrella policy may be purchased to provide liability protection up to $5 million or more, an amount that is more in line with today’s aggressive lawsuits.