THURSDAY, AUGUST 11, 2022
You know how much your house and car are worth, which allows you to purchase enough coverage to protect the value of your property. But what about liability? You can’t predict how much an accident or injury will cost in advance in order to buy the right amount of coverage. In fact, a liability incident may end up in a court settlement with a significantly higher dollar value than the coverage in your homeowners or auto insurance policy. That’s where umbrella insurance comes in.
Umbrella insurance coverage is like an umbrella that rests over your home and auto insurance to provide an extra layer of protection. If a large claim surpasses the coverage limits of your underlying policies, your umbrella insurance kicks in to help cover the remaining portion. 
For example, if you cause a car accident that seriously injures another driver, you’re liable for their medical expenses, property damage and possibly even lost wages and pain and suffering. Let’s say your auto insurance liability limit is $500,000, but the damages to the other driver total at $1 million. How will you pay the remaining $500,000? With umbrella insurance, of course.
How much umbrella insurance do you need to cover your liability, finances and property? It’s up to you how much risk you wish to buffer. Typically, umbrella policies are available in million dollar increments from $1 million to $5 million. Call your independent insurance agent today to discuss your options and to get a free quote.
Get the protection you need. Call ProtectALL Insurance at 1-833-PROTECT for more information on umbrella insurance.
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