Personal Umbrella Insurance Policy in Washington
A personal umbrella policy is the ultimate way to protect your assets and your future. In addition to your standard lines of coverage, a personal umbrella provides an extra level of protection. We sell a lot of these policies as they are a good buy for your insurance dollar. Polices start at $1,000,000 in coverage.
A personal umbrella policy covers you when the liability limit on your auto, home or other personal lines insurance policy is exhausted. A personal umbrella policy is a great way to protect yourself from a lawsuit that not only can impact your current assets, but your future earnings as well. Unfortunately, everyone is a target for a lawsuit. With today’s litigious society, the scenario of being sued for damages that exhaust your other policy limits is a real possibility. Ask your agent today about a personal umbrella policy.
With nearly every state in the country practicing financial responsibility laws, this makes every driver responsible for bodily injury, property damage and potential loss of income claims that may come as a result of a motor vehicle accident.
Similarly, homeowners need to protect themselves from a liability claim. Whether you’re hosting a party and serve too much alcohol, have a slip and fall accident on your sidewalk or your dog bites a neighbor, you can be held liable for medical bills, rehabilitation programs and lost wages.
Be sure to tell your insurance agent if you own other vehicles including boats, motorcycles, RVs as well as any other properties.
There are many reasons to talk to your insurance agent about an umbrella insurance policy. If you have questions, please call.