PERSONAL UMBRELLA LIABILITY POLICY

If you are ever sued, your stan­dard home­own­ers or auto pol­icy will usu­ally pro­vide you with lia­bil­ity cov­er­age which pays for judg­ments against you and your attorney’s fees. How­ever, in this liti­gious world we live, you may want to have an extra layer of lia­bil­ity pro­tec­tion. That’s what a per­sonal umbrella lia­bil­ity pol­icy provides.

It kicks in when you reach the limit on the under­ly­ing lia­bil­ity cov­er­age in a home­own­ers, renters, condo or auto pol­icy. An umbrella pol­icy may also cover you for things that may not be cov­ered in the under­ly­ing pol­icy, such as libel and slander.

If you feel inse­cure with the amount of insur­ance you have, then you should con­sider pur­chas­ing a per­sonal umbrella lia­bil­ity pol­icy.
For about $150 to $200 per year you can buy a $1 mil­lion per­sonal umbrella lia­bil­ity pol­icy. The next mil­lion will cost about $75 and $50 for every mil­lion after that.
Because the per­sonal umbrella pol­icy goes into affect after the under­ly­ing cov­er­age is exhausted, there are cer­tain lim­its that usu­ally must be met in order to pur­chase this coverage:

Check with your own com­pany to see what they require:

• Home­own­ers Lia­bil­ity — typ­i­cal min­i­mum required — $300,000
• Auto Insur­ance Lia­bil­ity — typ­i­cal min­i­mum required
  1. $250,000/bodily injury per person
  2. $500,000/bodily injury per occurrence
  3. $100,000/property damage

For a quote please call 602–242-2512 or Click here to apply now for a quote