Personal Umbrella Insurance
Personal umbrella insurance provides extra coverage above the liability coverage in home, auto and other personal insurance policies. Those policies usually carry liability limits of $100,000 or $300,000, but is that enough? Umbrella insurance adds a layer of coverage of $1 million, $2 million or more, and it isn't just for the ultra-wealthy.
A short hospital stay can easily exceed $100,000 and long term rehabilitation and loss of income can also get into six-figures quickly. If someone is injured in a car accident and you are at fault, or a guest is injured on your home property, monetary damages can add up quickly. You should think seriously about adding umbrella insurance to your personal insurance coverage if:
- You own a home
- You have teenage drivers
- You have a significant income or future earnings potential
- You own a business
- You own a boat, RV or motorcycle
Those are just a few situations that call for extra liability insurance protection, but there are more. To learn about those, contact an umbrella insurance agent at Arndt-McBee Insurance Agency today.
Contact an insurance specialist at Arndt-McBee Insurance Agency today to answer any questions about Personal Umbrella or for a free review and insurance quote for Personal Umbrella.