An umbrella policy is a liability policy that extends beyond your auto and homeowners liability to
recreational vehicles like boats, jet skis, seadoos, atvs, snowmobiles and motorcycles. The umbrella is rated by the number of autos, homes, recreational vehicles and watercraft you own, along with your driving record and claim history.
Why should you add Umbrella Liability coverage to your Auto and Homeowners insurance?
Consider these scenarios:
- Your teenager was reckless with the car and injured several people in an automobile accident. Although your Auto policy will pay $250,000, total losses come to more than $400,000.
- Fido gets loose and chomps down, severely injuring your neighbor. Her medical expenses are too much for your Homeowners insurance to cover.
- A visitor slips and falls on your driveway, sues you for $1 million – and wins. Once again, your Homeowners policy falls short.
In situations like this, Umbrella Liability could save you big bucks by picking up a possible six-figure tab after you max out coverage under your Auto or Homeowners insurance– and the premium is relatively low.
We’d be happy to provide more information on this invaluable “peace of mind” policy.