How does an Umbrella Insurance Quote benefit you? An insurance umbrella policy extends coverage over and above your auto and home policies. These would be what are considered castastrophic type claims. Take an auto accident, for example. If you killed another person while driving your vehicle it is possible your auto policy limits would be insufficient to cover such a dramatic claim, especially when you consider many driver’s only carry $25,000 or $50,000 bodily injury coverage. Why? If you kill or disable that person his/her family can sue for the loss of that person’s financial value or worth. What would happen in such a situation? More than likely, you would personally be sued. If found liable, the adverse party might win a judgement against your assets and future earnings. Not many people can afford to give up 25% of their income. An umbrella policy would serve to protect your income and assets. The same would hold true in the event of a homeowner’s claim where you were found liable.
Get an Umbrella Insurance Quote today!