In today’s litigious climate, asset protection is a very important consideration. Being the target of an insurance claim or lawsuit could result in significant personal financial loss. People commonly get coverage for riskier, higher-value assets; auto, homeowners, RV and boat insurance are commonplace and provide significant liability coverage. However, they may fall short in a catastrophe. A Personal Liability Umbrella Insurance policy (PUP) can provide additional protection at a reasonable price. Umbrella policies typically take over where other policies end, so while claims are rare, benefits are high; a minimum coverage of $1 million is typical, which can be increased in $1 million increments.
An umbrella policy can also protect you against personal claims, such as slander, libel, or defamation of character, which might not be covered by other policies you have.
What Can An Umbrella Policy Protect You Against?
If you’re concerned about potential liabilities that could max out your existing coverage, an Umbrella policy is a cost effective way to protect yourself against unforeseeable events.
Get started with an Umbrella Policy
Carroll Insurance is here to help you protect your assets. We offer a range of Umbrella policies at a competitive price.