An Umbrella Policy is excess insurance that covers your auto, home and other assets. Since most auto and homeowners policies have an upper limit on how much liability coverage they provide, you might want to consider adding an umbrella liability policy. Umbrella policies come in one million dollar increments up to $5 million.
Let's say you are held responsible for an auto accident in which someone is seriously injured. You could be financially responsible for that person's medical expenses, lost income and care for a very long time. Injure more than one person and the cost could go up exponentially. If you don't have liability insurance, most of what you own could be at risk. You could be sued and even lose your future earnings. A smart choice is to get enough liability coverage to equal your net worth.
Call me and we can determine how much you need.
