Affordable coverage to protect you against additional liabilities.
In today’s litigious climate, asset protection is a very important consideration. Experiencing a major insurance claim or lawsuit could result in significant personal financial loss. Although auto, homeowners, and boat insurance may provide a piece of the liability coverage, they may not be enough in a catastrophic situation. A personal Liability Umbrella Insurance Policy (PUP) can provide additional liability protection at a reasonable price. Typically there is a minimum coverage of $1 million, which can be increased in $1 million increments.
It can also protect against personal claims, such as defamation of character, libel, or slander, that might not be covered by other policies you have.
What Can An Umbrella Policy Protect You Against?
- Slander – Injurious spoken statement
- Libel – Injurious written statement
- Malicious prosecution
- Shock/mental anguish
- Other personal liability situations
If you’re thinking that homeowners insurance and auto insurance will provide enough coverage, you would be mistaken. For an affordable price, Umbrella insurance can protect you above and beyond the limits of those policies and cover some situations that aren’t covered by other types of policies.