A personal umbrella policy is a liability policy that offers protection over and above your Auto and Homeowner insurance policies. It protects you in instances that result in injury or property damage to someone else that exceeds the underlying limits on your Auto or Homeowner policy.
Personal umbrella insurance is designed to protect your assets and offer protection from legal and financial liability. Many people do not realize that future earnings are considered an asset, and are often one of your most valuable assets. An umbrella insurance policy can help ensure your wages are not garnished as a result of a lawsuit.
An important thing to note is that umbrella insurance does not cover your injuries or damage to your personal property, any criminal acts, or acts that deliberately cause damage to someone else.
Still have questions about umbrella insurance? Reach out to Your Friends In The Insurance Business at Ieuter Insurance Group to get an umbrella insurance quote and secure your coverage
Photo by Lazar Gugleta on Unsplash