An umbrella policy takes over where your homeowners’ and auto insurance coverage stops, protecting you if you are sued or found liable for causing injury to someone or their property. An umbrella policy ensures that you and your family are protected from expensive claims and lawsuits.
When taking into consideration that a person found at fault would be held accountable for expenses such as medical bills, possible rehabilitation therapy, lost wages and legal defense, it is often the case that the typical homeowner and auto insurance policy does not provide enough coverage. An umbrella policy, however, can provide as much as ten times the amount of coverage as a traditional homeowner or auto policy, potentially giving you up to five million dollars worth of protection.
Umbrella policies are no longer “just for the wealthy,” especially now that lawsuits are occurring more frequently than ever and the average award size has dramatically increased. Umbrella policies provide a large amount of liability protection without a large price tag, giving you the peace of mind that you are equipped to handle any bad weather that just might be heading your way.
For additional information on umbrella insurance, please call your independent, Trusted Choice insurance agent at 401.762.2218.
