{"id":1624,"date":"2013-05-10T19:56:37","date_gmt":"2013-05-11T00:56:37","guid":{"rendered":"https:\/\/www.insureyourcompany.com\/?p=1624"},"modified":"2013-05-10T19:56:37","modified_gmt":"2013-05-11T00:56:37","slug":"5-things-to-know-about-personal-umbrella-liability-insurance","status":"publish","type":"post","link":"https:\/\/insureyourcompany.com\/blog\/5-things-to-know-about-personal-umbrella-liability-insurance\/","title":{"rendered":"5 Things to know about Personal Umbrella Liability Insurance"},"content":{"rendered":"

5 Things to Know About Personal Umbrella Liability Insurance<\/h1>\n

In today\u2019s unpredictable, finger pointing world, people can sue you for just about anything so it is important to protect yourself and your money. Without umbrella coverage you may not have enough insurance to protect your assets. Our environment is volatile and random so don\u2019t be caught in the rain without an umbrella.\u00a0 Here are five things everyone should know about Personal Umbrella Liability Insurance.<\/p>\n

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  1. Excess coverage.<\/strong> Umbrella liability<\/a> is designed to be excess insurance on top of another policy.\u00a0 An underlying policy such as a homeowners or auto insurance policy must be in place first.\u00a0 Umbrella extends the amount of Liability coverage you have.\u00a0 Say your homeowner\u2019s liability is for the amount of $300,000, if an injury or claim where to exceed the amount stated on the policy the remainder can be your responsibility.\u00a0 For example, a claim for $1,000,000 is filed against you, your Homeowners can cover $300,000 but what about the leftover $700,000?\u00a0 With a personal umbrella the amount exceeding the original policy is covered by the umbrella limits.<\/li>\n
  2. It\u2019s for everyone!\u00a0<\/strong>You don\u2019t have to be super rich to have a personal umbrella policy.\u00a0 Everyone deserves the right to protect what they have worked for their whole lives.\u00a0 This coverage is affordable; hundreds of A+ rated insurance companies have umbrella programs priced for everyone.\u00a0 Enjoying life is what it is all about and you work hard for the little extras in life.\u00a0\u00a0 If you have an ATV, camper, or boat the opportunity for incident is greater.\u00a0 Protect yourself and start enjoying life.<\/li>\n
  3. Broad coverage.\u00a0<\/strong>You may be faced with a situation that is not covered by your homeowners insurance.\u00a0 If someone were to sue you for slander for instance, this would fall under personal injury Liability which is not usually included in a homeowner\u2019s policy.\u00a0 But if you have umbrella liability in place personal injury is part of the broad coverage of the umbrella so you don\u2019t have to go to your pocket to defend the suite.\u00a0\u00a0 The umbrella policy is a shield for you and your family filling in gaps of coverage in your home or auto insurance policies.\u00a0 Filling these gaps prevents leaks of coverage that can put your savings, nest egg and college funds at risk.<\/li>\n
  4. Prevent Your Ruin.\u00a0<\/strong>It\u2019s a normal day like any other, except today you are involved in an auto accident, rear ending the car in front of you and injuring the driver.\u00a0 Today is not your lucky day as the person you hit is a corvette driving executive and he is seriously injured and cannot return to his very important job.\u00a0 A jury awards him a multi-million dollar settlement that you have to pay.\u00a0 This can leave you financially ruined.\u00a0 The courts will go after you savings, your home and may even take part of your salary for years.\u00a0 This situation is preventable of course with personal umbrella insurance.\u00a0 Strengthen your insurance policies by adding broader coverage with extended limits.<\/li>\n
  5. Worldwide Coverage.\u00a0<\/strong>If you travel often a personal umbrella provides international coverage for personal liability.\u00a0 Say you are enjoying a pristine golf course in England, the wind is howling and you new clubs are being tested every stroke.\u00a0 Unfortunately your golf game isn\u2019t the greats and with one wild swing you manage to hit a person in the head with your shot.\u00a0 Following the incident the victim is unable to work and looking for compensation.\u00a0 If you are sued for this matter international you are covered as the liability portion of your policy follows you internationally.<\/li>\n<\/ol>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    5 Things to Know About Personal Umbrella Liability Insurance In today\u2019s unpredictable, finger pointing world, people can sue you for just about anything so it is important to protect yourself and your money. Without umbrella coverage you may not have enough insurance to protect your assets. Our environment is volatile and random so don\u2019t be […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-1624","post","type-post","status-publish","format-standard","hentry","category-liability-insurance"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t