Personal umbrella insurance provides an extra layer of liability protection beyond the limits of your standard home or auto insurance policies. If you are sued for damages that exceed your primary insurance policies’ limits, it can offer additional protection. Here’s why you should consider adding a personal umbrella policy to your insurance portfolio:

Protection Against Liability Risks

Spring brings blooming flowers and unpredictable weather, including heavy rains and thunderstorms. These weather events increase the risk of accidents and liability claims. Personal umbrella insurance can cover various liability risks, including:

• Car Accidents: If you are involved in a car accident and the damages exceed your auto insurance limits, a personal umbrella policy can help cover additional costs, such as medical expenses and property damage.
• Property Damage: Accidental damage to someone else’s property, like a neighbor’s fence or a parked car, can result in expensive liability claims. Personal umbrella insurance can provide additional coverage beyond what a homeowner’s insurance policy offers.
• Personal Injury Claims: If someone is injured on your property or due to your actions, you may be liable for their medical expenses, lost wages, and pain and suffering. A personal umbrella policy can offer extra protection for personal injury claims.

Benefits of Personal Umbrella Insurance

Adding a personal umbrella policy to your insurance coverage offers several benefits, including:

• Increased Liability Coverage: Personal umbrella insurance typically provides increments of $1 million or more in additional coverage, significantly enhancing your liability protection. This extra coverage can help safeguard your assets and future income in the event of a lawsuit.
• Broader Coverage: Unlike standard insurance policies that have specific exclusions, personal umbrella insurance offers broader coverage, filling gaps in your existing coverage to account for a wider range of scenarios.
• Peace of Mind: Knowing you have extra protection can provide peace of mind, especially during unpredictable spring weather when accidents are more likely to occur. With a personal umbrella policy, you can confidently face potential liabilities.

Why You Need Personal Umbrella Insurance

Consider these situations where personal umbrella insurance can prove invaluable:

• Serious Car Accident: If you cause a major car accident resulting in severe injuries or fatalities, medical expenses and legal fees can far exceed your auto insurance limits. A personal umbrella policy can help cover these costs.
• Dog Bite Liability: If your dog bites someone and the victim sues you for medical expenses and damages, a personal umbrella policy can offer additional coverage beyond what your homeowner’s insurance policy provides.
• Injuries on Your Property: If a guest slips and falls at your home, leading to serious injuries and a lawsuit, personal umbrella insurance can help protect your assets from being at risk in a legal settlement.

In summary, personal umbrella insurance offers vital additional protection against liability risks that can safeguard your financial well-being. By providing increased liability coverage, broader protection, and peace of mind, it is a valuable addition to your insurance portfolio, especially during times of heightened risk such as spring.