Umbrella Insurance provides exactly the type of coverage that it sounds like it would; it provides an umbrella for you to stand under. Imagine what would happen if your dog was to bite a neighbor’s child, or if there was an accident on your rental property. What would happen if a fire in your condo spread to other units? If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets, or your future earnings.
Liability issues are everywhere and you never know what could cause someone to present you with a lawsuit. Once the liability limits are exhausted on your home, auto, or other policy, your umbrella policy takes over and provides a second layer of protection of at least $1,000,000. Higher limits may also be available. This policy literally puts you under its umbrella so that when you exceed the liability coverage limits on an insurance line, you will still be protected. Talk with one of our experts to determine the right amount of coverage for your needs.