17 Tips To Pay Less For Auto Insurance
You need auto insurance – it's the law. What you don't need is to be paying too much for auto insurance. In other words, you need affordable auto...
Umbrella Policies, sometimes referred to as a personal liability policy (PLP), is a type of personal liability insurance that is indispensable when you find yourself liable for a claim larger than your home, auto, boat, or camp insurance policy would cover.
As a general rule, you might hear you should purchase umbrella insurance if the total value of your assets, including ordinary checking and savings accounts, retirement and college savings and investment accounts, and home equity is greater than the limits of your auto or homeowner's liability.
Hence the name "Umbrella", it's a policy that covers above and beyond the base liability on your primary policies. It basically picks up the liability where your other personal policies end.
Umbrella's insurance even covers certain liability claims those policies may not, such as libel, slander, malicious prosecution, wrongful entry, invasion of privacy, false imprisonment, and other hazards. Also if you own rental property in your personal name , umbrella policies provide liability coverage beyond what your rental property policy covers.
So who should have an umbrella policy? Well that depends on if you can answer "yes" to any of these questions:
The list goes on and more examples can be found here.
You may not realize all the factors that leave you vulnerable to lawsuits. Umbrella Insurance covers you so that you can continue to do the things you enjoy without worrying about what could go wrong.
If you have questions about Umbrella Insurance or want to know more about how having this policy may benefit you, either give us a call or fill out the form below.
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You need auto insurance – it's the law. What you don't need is to be paying too much for auto insurance. In other words, you need affordable auto...
I love meeting entrepreneurs at various networking events around the state because inevitably you run into some folks who obviously have a certain...