Umbrella insurance, sometimes called personal liability insurance, offers coverage beyond the limits of your other policies. It can help cover the financial gaps and protect your savings and assets in the event you’re liable for damages.
Umbrella insurance is not required, but many choose to purchase a policy for greater peace of mind in answering some of life’s “what if” questions. There are key advantages to this type of coverage, but there may also be downsides.
To help you understand umbrella insurance more clearly, here is a breakdown of some major pros and cons:
Umbrella insurance can help you avoid major financial loss. Some major advantages include:
Umbrella insurance provides extra liability coverage and legal defense in a variety of situations. However, there are some downsides and major exceptions to consider, including:
An umbrella insurance policy can keep you and your assets safe. While you’ll hopefully never need to file a claim, the more you know about what umbrella coverage provides, the better insurance decisions you’ll be able to make.
I’m dedicated to helping my clients find the home of their dreams. Whether you are buying or selling a home or just curious about the local market, I would love to offer my support and services. I know the local community — both as an agent and a neighbor — and can help guide you through the nuances of our local market. With access to top listings, a worldwide network, exceptional marketing strategies and cutting-edge technology, I work hard to make your real estate experience memorable and enjoyable. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you. [email protected] or [email protected]