If you were found negligent or liable for someone else’s bodily injury or death, would you have enough insurance to protect your assets?
Umbrella insurance is a stand-alone liability policy that can provide an additional limit of liability over and above your underlying liability limits that are already on your homeowners and auto insurance policies.
Life can be unpredictable, and as much as we plan for the best, sometimes the worst can happen.
This is where umbrella insurance comes into play and provides you with additional coverage that goes above and beyond to protect your assets.
What is Umbrella Insurance?
Umbrella insurance is additional protection when unfortunate covered liability events occur, much like an umbrella protects you from rain and inclement weather.
Extra liability insurance can help protect you personally from covered lawsuits and claims beyond standard policy limits on your auto, home, renters, and other insurance policies.
Otherwise, your lifetime accumulation of assets, savings, retirement accounts, and future earnings could be at risk in a lawsuit where you are held responsible for damages or bodily injuries.
While your auto or home insurance policies provide essential coverage up to their specific limits, they may not fully protect your assets against every significant liability risk. Umbrella insurance is designed to bridge this gap, providing coverage beyond those underlying policy limits.
As part of your insurance portfolio, this supplemental policy reduces your risk exposure. In addition, umbrella insurance can kick in once the liability limits on your underlying insurance policies are reached.
Work With an Independent Agent
At Mason-McBride, we understand that insurance is not a 'one size fits all' solution.
As an independent insurance agent, we can compare umbrella policies with several carriers and present you with options suited for you and your family.
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