An umbrella policy gives you an extra layer of insurance coverage–it protects your personal assets when your standard liability coverage has been exhausted. If you don’t have umbrella liability coverage and you’re at-fault for an auto accident or an incident happens on your property, anything beyond the limits of your standard liability coverage will be an out-of-pocket expense.
While you may think that you have plenty of home and auto coverage, all it takes is one bad accident for your policy’s maximum payout to be reached. Here are just a few reasons why you should consider a personal umbrella policy:
- An umbrella policy helps ensure your assets (e.g., car, house, investments, checking and savings accounts, etc.) are protected in case of an unforeseen accident that exceeds your auto or homeowners limits.
- Umbrella insurance can cover you for situations you didn’t even know were possible, such as if you are liable for injuries when renting a boat or jet ski while traveling abroad. It can even help when you get involved in an accident when driving a car provided by your employer.
- Umbrella insurance will help you pay the legal fees in addition to your umbrella limit of insurance.
Don’t wait until something happens to find out you needed umbrella coverage. Call us today 607-734-4291 or fill out the form below to learn more about your options.