A personal umbrella policy is one of the lesser known types of insurance that can protect you, members of your family, and your personal assets.

The coverage tends to be cheaper given the amount of coverage you’re typically provided. The reason for this is because an umbrella policy typically kicks in if the liability limits on your insurance policy are maxed out as a result of a claim.

It isn’t often that a claim is so severe that it results in a max liability payout on an insurance policy. If such a claim did happen and litigation was brought against you to cover your liability, then your personal assets including your home, property, and savings could be at risk. Having umbrella insurance in place provides the peace of mind that you have higher liability limits to protect you in the event of a catastrophic claim.

The best way to determine the benefits of an umbrella policy is to ask a licensed agent in our office. We can assist you with assessing your personal insurance needs.