How Umbrella Insurance Protects Your Assets

An umbrella policy is one of the most affordable and important types of insurance available.

It is also one of the most overlooked and misunderstood types of insurance on the market.

Protect Your Assets

Once considered a policy for the rich, umbrella insurance is actually more important for many middle-class homeowners or others with assets they simply cannot afford to lose.

Additional Protection

Umbrella insurance provides additional protection against liability claims; whether you own your own business, or have extensive real estate holdings or significant savings of any type, the risk of being sued for an amount above and beyond your primary policy limits has grown in recent years.

Today, a simple auto accident can result in medical bills amounting to hundreds of thousands of dollars.

Follows On from Liability Insurance

An umbrella policy protects your financial health by picking up where normal liability limits end.

For example, if your car insurance had a cap rate of $500,000, then the umbrella policy would begin at $501,000 and extend to $1 million or whatever other denomination was indicated.

Extensive Coverage

Because it is based upon your personal risk, it covers excess liability for all your regular needs, including auto, homeowners, investment properties and even inherited risk from minor children or pets.

What You Will Pay

Most umbrella policies are affordable; the average monthly rate for a $1 million umbrella policy is likely to run you less than the price of taking the family out for a fast-food meal.

Where to Start

Speak to your agent today to learn how to protect your financial future with an affordable umbrella policy.