Umbrella Insurance Basics

Just like real umbrellas are meant to provide protection for problematic weather, a personal umbrella insurance policy is meant to provide protection for any liability problems that you encounter. While it is easy to assume that you have the right amount of coverage for any unfortunate situation with all of your personal insurance policies, there are many situations that can arise that can easily exceed the coverage provided by your policies. There are many umbrella policy benefits that are available that you cannot get with any other insurance policy.

A personal umbrella insurance policy provides extra liability coverage that goes beyond your existing insurance policies, such as your homeowners insurance and auto insurance. The coverage that is provided by the umbrella policy does not “kick in” until the coverage of your other insurance policies has run out. Along with providing extra coverage, an umbrella insurance policy will also provide protection for incidents that are not covered by any of your other insurance policies, such as for false arrest, defamation, and malicious prosecution.

For a very small cost, typically under $300 for a year, you can invest in $1 million worth of umbrella coverage. While this may seem like it is much more coverage than you will ever need, it probably is not. Consider if you invite your friends over to your home and one of them trips on your stairs. Not only will you be responsible for any medical bills that are associated with the accident, but you will also be responsible for any legal fees if they decide to sue you. The liability coverage of your homeowners insurance can easily be exceeded from one accident. Luckily, if you have a personal umbrella insurance policy, you will not have to worry about covering the costs out of your own pocket.

Contact Agape Brokers Insurance Agency in Hemet, California for all of your personal umbrella insurance needs.

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