Protecting Your Assets With An Umbrella Policy

Protecting Your Assets With An Umbrella Policy

Life is unpredictable and incidents can occur in the blink-of-an-eye. You insure your home and autos to protect yourself, but somethimes that may not be enough. With a personal umbrella policy you can rest easier knowing that you are better prepared for surprises the world may have to offer.

Protecting your assets with an umbrella policy – What is an umbrella policy?

No one wants to be involved with a lawsuit or incident which they are legally liable, but it could happen to anyone. A personal umbrella policy can provide an extension of liability coverage when your existing home or auto policy limits have been reached. Meant to cover at least your net worth, umbrella policies protect what is most important to you. This coverage can help pay for medical, legal or court fees as well as other expenses related to a claim. A typical umbrella policy starts with a $1 million limit and can be increased depending on your individucal needs. Many umbrella policies have affordable deductibles and potentially provide millions in liability coverage.

Protecting your assets with an umbrella policy – Who needs an umbrella policy?

An umbrella policy is not only for the wealthy. You work hard for your assets and way of life so it is important to protect the things most valuable to you. If you have own a home, multiple properties, vehicles or have a family to take care of, an umbrella policy should be a priority. Also those who own dogs, have a pool on their property or young drivers in the household can be prime candidates for an umbrella policy. Many times these policies are affordable when bundled with existing home and auto policies and can even provide an additional discount when added to a package. Raising the deductibles on your current underlying policies may also make an umbrella more affordable.

Protecting your assets with an umbrella policy – How to get an umbrella policy.

The first step when looking into purchasing an umbrella policy is contacting your insurance agent or broker. They will have the knowledge to inform you of the carriers and necessary underlying coverage required to attain an umbrella policy. Typically, the minimum coverage for auto policies is $250,000 in bodily injury liability and $500,000 in liability for homeowner’s policies. Your broker or agent can make sure the appropriate limits are met, find the best rate and help protect your assets for life’s unexpected events. Don’t wish you had made the right decision after it is too late. Contact us today at 925-235-4924 or request contact on the right and we can help.

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All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.

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