Umbrella Insurance
If you already have homeowners insurance or you’re shopping for it, you
may have heard about an umbrella policy.
1. What is umbrella insurance?
When you buy a homeowners insurance policy, you typically get
coverage for the dwelling (your home), any outlying structures (such
as sheds), your personal possessions and liability. You also get some
coverage for living expenses in case your home is uninhabitable after a
claim. All of these coverages have limits on the amount the insurance
company will pay in the event of a loss. Umbrella or personal liability
umbrella policies provide additional liability coverage above the limits
in your standard homeowner’s policy.
2. Why do people get this extra protection?
Basically umbrella insurance is for peace of mind in a society where
personal lawsuits are filed over the slightest thing. A personal liability
or umbrella policy can help protect your home, car and other assets in
the event you are sued and usually provides coverage for bodily injury
and property damage liability, and may also cover such liabilities
arising from defamation, eviction and more.
3. When does umbrella insurance take effect?
In the event of a claim, an umbrella policy's coverage kicks in after
your liability limits have been reached on your car and homeowners
insurance policies. Umbrella policies do cost a bit, so you might want
to see if it's cheaper to raise the deductibles on your homeowner’s
and/or car insurance policies and use the money saved by doing that
to essentially offset the extra cost of adding umbrella insurance.
Some folks say that umbrella insurance is inexpensive, insisting that
coverage levels of $1 million only cost an extra $150 to $300 a year to
your policy, however umbrella insurance costs would largely vary
between different insurance providers so talk to your agent and be
willing to shop around for the best quote.
Where can I get umbrella insurance as good as mentioned in this report?
You can trust the experts at SoCal General Insurance Agency to provide the highest quality customer service and a FREE quote prepared just for you on a wide variety of umbrella insurance plans. Contact us today at 888-241-8316 or go to: www.scgia.net and we’ll be happy to answer any questions
you have and take care of all your insurance needs. |
