After you've met with one of our trained specialists and we've built policies to fit all your needs, what's next?  There are times when these coverages can't account for the unexpected incidents that pop up from time to time.  Umbrella insurance can help further protect your assets. It kicks in when you've reached the limits of your automobile or home insurance and all other resources have been exhausted but there are still damages to be paid.  An umbrella policy is designed to give you an extra cushion of insurance for moments when the unexpected happens.

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How an umbrella policy works

An umbrella policy can cover damage claims that are caused by you, dependents or even family pets.  Once your liability insurance policy runs out, the umbrella policy will start to pay.  If your home insurance policy covers up to $400,000, the umbrella policy will pay out once that's been exhausted and will continue to do so until the limit is reached.

Personal liability umbrella policies are relatively inexpensive because the majority if claims are paid out by primary auto or home policies.

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Why do I need an umbrella policy?

Lawsuits are everywhere, it seems near daily news reports happen of record settlements being paid out and judges are awarding more money then ever before.  All homeowners, auto, boat and motorcycle policies have a capped limit on liability insurance, will you have enough in your current policy to cover negligence?  It's impossible to predict how any judge will award an injured person; an umbrella policy is used to add peace of mind, knowing you are covered, and are designed for every policy holder, not just the wealthy.

The liability insurance of your policy is the portion that will pay for expenses like an injured persons medical bills and lost wages due to the at fault person.  Legal fees used to in the defense of the representative are also covered in the event it goes to court.  The standard liability for most policies simply isn't enough to cover the medical expenses, lost wages and other expenses from these unfortunate accidents.  Without the coverage an umbrella policy provides, personal assets from the at fault driver could be seized as a result of a lawsuit and similar laws are in effect for home and watercraft owners too.  The equity in your home, money in the bank and savings are not protected, worse yet, your wages could be garnished to cover the expenses.

Without a huge cost, a personal liability insurance policy can give you peace of mind and the liability protection you need for a worst case scenario.  When you compare the added coverage you get from an umbrella policy, the added costs seems minimal, because it is!  No one should go without the added coverage that an umbrella policy provides.

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