Personal umbrella policies are a type of liability insurance that can cover losses not covered by other policies such as homeowners or auto insurance. Personal umbrella coverage provides the liability protection in the case of a serious accident for a very low cost. With large settlements and high legal fees becoming more commonplace, umbrella coverage can be your first line of defense financially.
Umbrella coverages protect you from situations like:
- -If a neighbor gets injured while swimming in your pool
- -A passerby trips and breaks their leg on your property
- -If your dog’s bite proves worse than his bark
- -You get in a car or motorcycle accident and are sued for million’s of dollars
Personal umbrella policies extend coverage to relatives living within the same household, so your spouse, and children can have the same protection.