Personal Umbrella insurance is additional liability insurance, designed to pay out on top of your existing auto and homeowner’s/renter’s insurance policies. For example, you may only have $300,000 in liability coverage on your car insurance. If you are hit with a claim of $1,000,000, you would be on the hook for $700,000 yourself unless you had an adequate umbrella insurance policy.
Listed below are a few reasons to buy an umbrella policy:
Banks make people buy home insurance to get mortgages and states require drivers to buy auto insurance. But no one mandates buying a policy that could turn out to be the most important part of your insurance package.
Listed below are a few reasons to buy an umbrella policy:
- A blogger writes something bad about a company and gets sued for defamation.
- A man was asked to cut down a tree from his own yard. He refused, and later a storm blew the tree down and injured someone in the neighboring house.
- Your dog bites someone.
- You have a pool, and a visitor hurts themselves.
- A handyman or contractor hurts themselves on your property.
A personal umbrella insurance policy can give one added liability protection without a large added cost. Additional liability insurance is often inexpensive, especially compared to the added coverage one gains. Having the added protection of a personal umbrella policy is coverage no one should go without.
Visit www.hunt-miller.com for more information on obtaining a Georgia personal umbrella policy.
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