Personal umbrella insurance provides
additional liability protection if the liability limits on your underlying insurance policies (auto, homeowners, renters, RV, boat, etc.) have been reached.
If you
need additional liability protection to protect substantial assets, for instance, umbrella policies are available in increments of one million dollars to ensure that you're fully covered.
Again, these are only minimum standards put together by the state legislature and many motorists in the state do
carry additional liability protection to guard themselves in the event of an accident.
Commercial Umbrella Insurance - Also known as excess liability coverage allows for
additional liability protection when the limits of your other liability policies have been reached.
Such policies offer a minimum of $ 1 million
of additional liability protection and cost just a few hundred dollars a year, says Frank N. Darras, an insurance attorney and founding partner of DarrasLaw, a law firm based in Ontario, Calif..
«For instance, a few hundred dollars a year may allow you to get up to $ 1 million in
additional liability protection beyond your existing auto and / or property insurance coverages,» Smith says.
A State Farm ® Personal Liability Umbrella Policy (PLUP) can provide
additional liability protection when the limits on your homeowners auto, or boat insurance policies have been reached.
Liability coverage is available up to $ 500,000, and umbrella policies can be added to provide
additional liability protection.
Umbrella Insurance For
additional liability protection, you may want to consider investing in a separate personal umbrella policy.
Additional liability protection would allow you to eliminate the risk of such a gap.
Ultimately, you're almost certainly better off with an umbrella policy and / or
additional liability protection.
Umbrella Insurance For
additional liability protection, you may want to consider investing in a separate personal umbrella policy.
A personal umbrella policy may provide
additional liability protection if you're found legally responsible for another person's injuries or damage to their property.
Umbrella insurance provides
additional liability protection to protect you from unexpected events that you could be sued for.
Umbrella coverage gives
you additional liability protection beyond what's provided by your primary home or auto insurance policies.
Additional liability protection would allow you to eliminate the risk of such a gap.
Boat owners may also consider purchasing an umbrella liability policy that will provide
additional liability protection for their boat, home and cars combined.
If you move out of the family home and move to an apartment, you should get renters insurance to cover your belongings, as well as your children's personal items, and for
additional liability protection — even if you are still named on home insurance policy, says Bonelli.
Liability coverage is available up to $ 500,000, and umbrella policies can be added to provide
additional liability protection.
The umbrella policy will provide
the additional liability protection.
Many landlords also buy a personal umbrella policy to provide
additional liability protection.
To prevent someone from trying to take you for all you are worth, an umbrella liability policy gives
you additional liability protection for all your insurable liability needs.