Personal Umbrella = Protection
So what do you think of when you hear the word “Umbrella”? Of course, that gadget that pop’s open when it’s raining to protect you. In insurance terms, the “umbrella” works very much the same way. The policy itself is an “extra” liability policy that that goes over the top of your primary policies such as California home insurance and California auto insurance. It’s purpose is to provide an additional layer of liability protection over your assets. And for the premium, this coverage is a great value for the peace of mind and protection that it provides.
If you own a home, cars, rental units, watercraft, motorcycle, or a farm, you have the potential to have a large loss. If you have young drivers in your house, or you are a senior driver who needs more coverage to protect the assets that have taken a lifetime to earn, then the umbrella policy is a perfect fit. Our goal is not to just sell you more insurance, but to make sure that you are protected in the event of a large loss that could cause your assets and net worth to be lost.
These polices begin at $1,000,000 in additional protection and you can purchase limits of coverage up to and over $25,000,000.00. In our next article, I want to give you some examples of claims that have occurred and also tell you the difference between an “umbrella” policy and an “excess” policy and which is best to protect you. Accidents happen, everyday, and it is crucial that you carry the right limits of coverage, to protect you, your family, and your estate from an expensive lawsuit. This is a great time to check with your agent about adding this coverage to your insurance portfolio. Give us a call, and we can get you a quote in about 5 minutes!
Written by Gary Remland – Remland Insurance Services, Inc