What is it?
An umbrella liability policy works just like its name implies, covering the liability portion of your auto and homeowners policies to provide extra liability protection. It also offers coverage for many situations not covered by your basic insurance, including libel, defamation of character, slander, invasion of privacy, and more. Plus, it pays your defense costs even when no coverage is provided by your basic policies.
Who needs it?
Could you be an easy target for a big settlement? Do you travel often? Do you entertain guests frequently? If you answered “yes” to any of those questions, you should consider the extra protection provided by a personal umbrella policy.
Even if you said “no”, situations can happen to anyone where a personal umbrella policy might come into play. For example:
- You’re sued as a result of an accident
- You’re sued after someone slips and falls on your property
- A natural disaster causes a tree on your property to fall and damage another person’s property.
Let Insurance Associates Help
When you are ready to learn more, we’re here to explain coverage options and help you choose the best umbrella coverage to fit your needs.