With all of your existing insurance policies, from your homeowners to your auto insurance, you may believe that you have enough protection for any scenario you could encounter. However, all personal insurance policies have dollar limits on the amount that they will cover, which could leave you in serious trouble if you encounter a major disaster.
Just like an umbrella is meant to provide coverage from harsh weather, a personal umbrella insurance policy is meant to provide extra protection for any unfortunate situation that you run into. Personal umbrella insurance policies will provide extra liability coverage that goes beyond the coverage provided by your existing policies. Umbrella insurance policies will also provide coverage that is not automatically included in other policies, such as coverage for libel and slander.
Typical umbrella insurance policies provide protection starting at $1 million, and increase in million dollar increments for additional needs. While you may think this is way too much coverage for your life, it most likely is not. With the prevalence of lawsuits, a personal umbrella insurance policy can help to ensure that you are not financially devastated due to one accident.
Whether you are involved in a car accident with multiple vehicles or if your dog bites a visitor at your home, if someone decides to sue you, chances are your auto or home insurance policies will not provide enough liability protection. Being involved in a liability lawsuit can put your savings and assets in danger, meaning you could lose everything. Luckily, a personal umbrella insurance policy will provide the extra liability coverage needed to ensure that your assets and savings stay safe.
For all of your umbrella insurance needs and to ensure that you are properly protected from any peril, contact the insurance professionals at Insurance and Mortgage Services in Batavia, Illinois.