Personal Umbrella Insurance

Umbrella insurance ain't for damaged parasols. It's excess liability insurance, picking up where your other liability policies leave off. For example, if your auto, home, or boat liability limit is $300,000, and you're responsible for an accident that results in significant bodily injury or death, the actual damages might far exceed your $300,000 policy. In this case, your home could be at risk when the courts seize your assets to cover the damage. Because of the relative infrequency of claims, umbrella insurance is one of the best deals around. Depending on which insurance company we use, coverages are available from $1 million to $5 million at very low annual costs.

Everyone should have an umbrella policy.