Personal Umbrella Policy Basics

An umbrella is meant to protect you from any problems, which is just what a personal umbrella policy does. Although it is easy to think that your auto and homeowners insurance policy provide enough protection for any situation that is not always the case. Investing in a personal umbrella policy is the best way to ensure that you and your family are protected in any situation.

A personal umbrella policy will provide extra liability coverage when the liability of your homeowners or auto insurance runs out. Since your other insurance policies only have a certain amount of liability coverage in case of an accident, you may be left paying out of pocket to cover the extra cost. A personal umbrella policy will provide the extra coverage to ensure that you are not financially devastated from one incident.

Most personal umbrella policies start at $1 million in coverage. Although this may seem like it is much more coverage than you will ever need, it usually is not. With the growing number of lawsuits each year, it can be easy to exceed the liability limits of your other insurance policies. A personal umbrella insurance policy will also provide coverage in situations that are not covered with your other policies. Your personal umbrella insurance policy will provide coverage for an accident that occurs when you are out of the country, and will help to pay for a legal defense in a lawsuit. A personal umbrella policy will also help to cover the cost of any lost wages if you have to appear in court for a lawsuit.

For all of your personal umbrella insurance needs throughout Minnesota, contact the insurance professionals at Mayer Insurance in Apple Valley, Minnesota. We can provide you with the most comprehensive personal umbrella coverage to ensure that you are protected in any situation.