Umbrella insurance is a type of liability insurance that goes above and beyond your liability limits on your home, auto, or other policies that carry liability coverage. You cannot purchase an umbrella policy on its own. It is meant for extra protection, when your other policies may not cover you enough.

What Does Umbrella Insurance Cover?

Umbrella insurance is added liability protection. It usually covers you for things like:

• Lawsuits
• Property damage to someone else
• Injury caused to someone else at your house, by your car, by your boat, etc.
• Legal defense costs
• Medical bills
• Rehabilitation therapy
• Lost wages

Your umbrella policy only kicks in after your base policy is used. After your homeowners, car insurance, or boat insurance pays up to its policy limit, then the umbrella pays the rest(up to its policy limit). Umbrella policy limits usually range from $1 million to $10 million. It gives you a lot of coverage for a pretty low cost. Umbrella policies are typically not very expensive for the amount of coverage you get. There is usually a minimum liability requirement for the base policy. You cannot have minimum liability coverage and then get an umbrella policy with high coverage. Call Unity One today and talk to one of our experienced brokers about umbrella insurance.

Should I Have Umbrella Insurance?

Honestly, everyone should have umbrella insurance. People sue left and right these days and it is better to be covered. Umbrella policies are not just for the wealthy, they are for every policyholder. How much umbrella you should buy depends on the person. You have to look at your risks, your future income, and your assets. All these things will give you an idea of how much liability you should be purchasing. Assets are important because you can lose these things in a lawsuit and your future income matters because this can be garnished or lost as well. Even if you are a student obtaining a degree, the injured could be rewarded your future earnings when you do obtain a job.

Get protected today! Call 949-450-1822 for a free quote!