When you compare the cost of a possible catastrophic liability claim to the price of
a typical umbrella insurance policy, the price is surprisingly reasonable.
Not exact matches
In simple terms an
umbrella insurance policy protects you from liability claims that exceed
typical insurance limits.
While a
typical boat liability
insurance policy caps at a limit of somewhere between $ 100,000 and $ 1 million, an
umbrella liability
policy can provide extra coverage with a much higher limit, such as $ 10 million worth of liability.
According to Frank Darras, a national consumer litigator who specializes in
insurance,
umbrella insurance is designed to give homeowners added liability protection above and beyond the limits on a
typical homeowners
policy.
Shelter's
umbrella insurance provides additional coverage of $ 1,000,000 or more to further protect your assets when your
typical policies aren't enough.
An
umbrella policy doesn't just raise your liability limits; it also extends your liability coverage to cover incidents that
typical insurance policies may not cover.
Umbrella insurance, typically sold in $ 1 million increments, provides liability coverage beyond what
typical liability
policies provide.
In simple terms an
umbrella insurance policy protects you from liability claims that exceed
typical insurance limits.
For example, a
typical umbrella policy will cover you against liability claims related to your car and home
insurance policies.