Umbrella Policies Extend Your Coverage

An insightful look into how umbrella policies supplement the liability coverage you already have through your home and auto insurance and provide an extra layer of protection.

From the resource: "For example, if you have a home insurance policy with liability coverage of $300,000, the umbrella policy will pay claims above $300,000, up to the limit you select, such as $1 million. Or if your liability limit on your car insurance policy is $250,000 of bodily injury protection per person and $500,000 per accident, your umbrella coverage kicks in after you exhaust that coverage."

Personal Umbrella Policies

One of our favorite overviews of a personal umbrella insurance policy. Learn exactly what umbrella coverage is and what it covers. See how to tailor your coverage based on your personal financial situation and what you should know before you buy. A helpful example is also provided to see how an umbrella policy works.

From the resource: "(An umbella insurance policy) is an extra layer of protection against lawsuits resulting from damage to someone else's property or injuries as the result of an accident. It also protects against false claims and intentional acts such as libel, slander and vandalism by minors, and covers false arrest, wrongful entry, invasion of privacy and more."

Reasons We Have an Umbrella Insurance Policy

An eye-opening look into the many reasons to purchase an umbrella liability insurance policy. This example-rich resource discusses actual scenerios that would make an umbrella policy a must have. For example somebody is injured in your pool or a contractor is hurt on your property.

From the resource: "In addition, an umbrella policy can also "fill in the gaps" by providing coverage for other incidents like liability for rental properties or being sued for slander or libel. Imagine working and saving for decades, only to have all of it taken away with one incident. Here are my reasons for buying an umbrella policy."

Umbrella Liability Insurance

A high-quality look into umbrella liability insurance. An important take away is the list of what is NOT covered by an umbrella policy. Examples include intentional damage caused by you or your family or damage arising out of business or professional pursuits.

The resource also explains what a typical umbrella liability policy covers and how much coverage you will need. From the resource: "Umbrella liability insurance can protect you against the catastrophic losses that can occur if you are sued. Most insurers who write auto and home insurance policies also sell umbrella liability policies."

The Skinny on Umbrella Coverage

A compact, yet insightful primer on umbrella insurance. Learn how umbrella coverage is defined, how much it costs and see if you need an umbrella insurance policy. Learn how relatively inexpensive umbrella coverage can be and why you may want to buy it even though you may not own substantial assets.

A quick tip from the resource: "The best way to think of umbrella insurance is as extra coverage in case your insurance maximums on your home or auto are reached and surpassed in an incident."