One valuable and often overlooked insurance policy to consider is a personal umbrella policy. Also known as a personal liability policy, this coverage "is a last line of defense" in protecting your most valuable assets. When your other insurance limits have been maxed out, an umbrella can pay claims up to the amount covered.
While we like to think that we can avoid costly situations, often times accidents happen that can take their toll financially. What happens if you accidentally leave the stove on and a fire breaks out, burning down not only your home but also the home of your next-door neighbor? Your homeowners insurance policy limits may not be high enough to cover the cost to rebuild your neighbor's house. This is where a personal umbrella policy can help protect you and what you have worked so hard to achieve.
An umbrella insurance policy will protect your assets if you are held liable for property damage or bodily injury. It can also protect you against legal fees, false arrest, libel, and slander. When you are sued and you do not have enough insurance coverage, everything you have worked so hard to build is at risk including your home, car, retirement savings, and even your future income. An umbrella policy can put your mind at ease in knowing that you are better protected against financial loss in the event of an accident. If you need more convincing, just check out this article in the New York Times.
Bill Brian Insurance Agency works with a number of insurance companies that offer affordable personal umbrella policies including Mercury, Allied, and Hartford Insurance. Premiums can be as low as a few hundred dollars for $1,000,000 of coverage but umbrella insurance cost does vary depending on your lifestyle and underlying auto and homeowners insurance limits. We recommend contacting one of our skilled agents so that they can assess your current policies and financial assets and then select umbrella insurance quotes customized for your needs and budget. Worried about not being able to afford the policy? We can help select a payment plan that works for you and your financial situation. We also have Spanish-speaking agents on staff to answer all of your questions and make you feel comfortable in your buying decision.
If you haven't considered purchasing a personal liability policy, now might be the time to review your current insurance coverage and consult with our agency to determine if you need more protection for your assets. Contact us at 760-342-0262 or stop by our office on Hwy 111 near Jiffy Lube and Stater Bros. We are happy to answer any questions you may have about this valuable coverage.