To really feel secure about protecting your assets and your future, you may need the extra level of protection provided by a personal umbrella/excess insurance policy.
An umbrella/excess policy provides additional layers of liability protection. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella/excess insurance policy takes over and provides you with additional protection. It may even cover situations that your underlying policies do not.
The cost is minimal compared to the comfort of knowing you’re covered.
Imagine what would happen if your dog was to bite a neighbor’s child, or if there was an accident on your rental property. What would happen if a fire in your condo spread to other units?
If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets, or your future earnings.
If you have the required underlying policy limits, then once the liability limits are exhausted on your home, auto, or other policy, your umbrella/excess policy takes over and provides a second layer of protection of at least $1,000,000. Higher limits may also be available.
Talk with Pierson and Scott, Inc. about limits you feel are right for you.
An umbrella/excess insurance policy also pays some claims not covered by your home, auto, or other underlying insurance. The policy covers not just you, but your spouse and all family members living in your household, anywhere in the world. Legal defense fees are also paid.
Some Umbrella/Excess policies exclude or limit Uninsured and Underinsured coverage. This may be important to you so ask us to determine what policy form works best for you.
The right coverage for you is unique. Talk to us today to find out how to protect yourself, your family, and your future with the right personal umbrella/excess insurance for you.