Personal Umbrella Insurance

Your financial well-being can be at risk if something unexpected happens and you are legally responsible. For instance, if you’ve injured someone or damaged their property, you need a financial safety net from potentially damaging liability claims. Personal umbrella insurance can give you essential protection. 

What Is Umbrella Insurance? 
Umbrella insurance adds a layer of protection to your primary policies. When you’ve reached your home or auto insurance limits, umbrella insurance might help cover the remaining costs that exceed your existing liability policy limits. Without umbrella coverage, you’re liable for paying any additional expenses, and your assets, such as your house, car, and financial and retirement accounts, can be exposed. 

What Does a Personal Umbrella Insurance Policy Cover? 
Personal umbrella insurance can protect against liability claims, including libel, slander and false imprisonment. An umbrella policy not only covers you, but your policy also applies to your spouse and family members who live in your household and are named on your existing policies.  

Who Needs Umbrella Insurance? 
Umbrella insurance is beneficial coverage to have but not legally required. Suppose you have a lot of assets to protect or a high likelihood of being sued. In that case, a policy can be advantageous, especially if you don’t want to shoulder additional financial worries. 

What Is Not Covered by an Umbrella Policy? 
Personal umbrella insurance typically doesn’t cover damage to your property, losses related to your business operations, any harmful or illegal behavior, or any liability arising from an oral or written contract you’ve entered. We can explore what insurance coverage might be beneficial to give you protection for these situations. 

Protect Your Financial Future 
DJW Insurance Agency, Inc. can help protect your financial future with an umbrella policy for your lifestyle. Call us today at 800-820-0004 to get started.