Personal Umbrella PolicyPersonal Umbrella Policy

It seems like lawsuits are on the rise and court judgements are increasing. It’s more important than ever to protect yourself with the right insurance.

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What is a Personal Umbrella Policy? It’s a separate policy that provides additional liability of at least $1,000,000, extending your homeowners and auto insurance liability.

Why do you need a Personal Umbrella Policy? In the event of a serious liability claim against you, your Personal Liability limit of coverage may be insufficient to satisfy a judgment for Bodily Injury or Property Damage. Whether it’s your car insurance or homeowners insurance, the Personal Umbrella Policy takes over when the limits are exhausted. In other words, a Personal Umbrella Policy adds at least $1,000,000 to your liability limits, over and above your homeowners insurance liability or your auto insurance liability limit.

A Personal Umbrella Policy will provide protection for the possibility of a judgment in excess of your present liability limits, which may arise out of the use or ownership of your home and autos, and for the personal activities of the members of your household.

A $1,000,000 Personal Umbrella Liability policy is a smart investment!

http://www.nytimes.com/2012/02/09/business/personal-liability-insurance-is-essential-advisers-say.html http://www.investopedia.com/articles/insurance/09/do-you-need-an-umbrella-policy.asp http://www.nytimes.com/2008/03/18/business/businessspecial3/18insure.html?_r=1& http://www.kiplinger.com/article/insurance/T028-C001-S001-why-you-need-an-umbrella-policy.html Umbrella Brochure – RLI

Please give us a call to discuss cost-effective ways to protect your assets.