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Umbrella Coverage

Umbrella Coverage Information

Umbrella insurance gives an extra layer of liability coverage for Individuals

Umbrella insurance isn't just for the rich and famous. Whether it's a serious auto accident involving pricey medical bills or an incident on your property, you can quickly find yourself responsible for damages that exceed the limits on your auto, homeowners or other involved policies. While an Umbrella policy is generally there to protect you for things that occur as a result of your fault or doing, there may be endorsement to expand coverage for things like uninsured and underinsured motorist to also protect you from others negligence.  

 Some reasons you may use an umbrella policy include:

  • Your teenage son is in a car accident and you get sued for $1 million.
  • A neighbor is injured in your swimming pool.
  • A passerby trips and falls on the sidewalk at your house.
  • Your dog bites a friend's child.

While these types of events may be unlikely with today's litigious society 1 million dollar plus law suits are much more common.  It is important to realize in one of these suits anything that exceeds your current liability limits falls to you.  You could be forced to deplete your savings, 401k, investments, leverage your home, or even worst have your wages garnished!  You don't want to make sure you protect yourself from losing your assets so you can feel more secure. 

Umbrella policies are typically bought in conjunction with an auto or home policy, but can be purchased individually through specialty companies.  To find out more about your options for a Personal Umbrella Policy contact or call the Garsys Agency at 866-432-4753.

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