You may be covered to an extent, but what if you have a lot to lose if someone decides to sue you? A Personal Umbrella Liability policy is designed to cover you if you should ever experience a large lawsuit or a large accident that exceeds your current coverage.
The policy provides extra protection in three ways:
- Liability Insurance that adds to the limits of your Automobile, Homeowners and Recreational Vehicle or Boat Liability policy limits.
- Coverage for unknown or unexpected exposures that are excluded in typical Auto, Homeowners, Recreational Vehicle or Boat Liability policies.
- Coverage for the cost of your legal defense. This includes court costs, interest on judgments, and premiums on necessary bonds.
Contact me if you think you need an Umbrella Liability Policy, or if you have further questions regarding this type of coverage.