Homeowner’s policies have a liability limit. Most are capped at $300,000. Some insurers allow increased liability coverage
to $500,000. So what happens when you
need more? Do you have assets valued in
excess of your homeowner’s policy liability?
Maybe you should consider an umbrella policy.
An umbrella liability policy is a separate
insurance policy that blankets both your homeowner’s and automobile
policies. The coverage has a much higher
limit than the home or auto policies and goes above and beyond claims directly
relating to your home and auto. The main purpose of an umbrella policy is
to protect your assets from an unforeseen event, such as a tragic accident in
which you are held responsible for damages or bodily injuries.
I represent one of the finest umbrella insurance companies
in the country a typical $2 million policy costs less than $500 annually. This a small price to pay for the peace of
mind that an umbrella policy offers. Call me at 239-593-1498.
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