When to consider “umbrella liability”

A low-cost policy may offer lots more protection

Umbrella liability insurance provides personal liability coverage above the amount provided by your automobile and homeowners insurance policies. It also covers certain claims that are not covered by your primary policies.

The fact is that if you currently carry liability insurance on your automobile, house, and boat with limits of $1,000,000, you may not have sufficient coverage in the event of a catastrophe.
For example, the costs to defend against a lawsuit can be staggering, and court awards are continually rising. A personal umbrella liability policy can increase your amount of liability insurance at a reasonable cost, and give you and your family additional protection and peace of mind. The cost for a $1-million umbrella policy usually starts at less than $200 per year.
Umbrella liability policies can also provide coverage for areas not normally covered by a personal liability policy. Examples include: Personal injury, including libel and slander; wrongful eviction; defamation of character; liability for volunteers to non-profit organizations such as service clubs or minor sports associations; and false arrest.
If you own a rental property or do volunteer work, you may not be properly covered unless you purchase an umbrella liability policy.
There are many personal umbrella liability policies on the insurance market. If you’re interested, call one of Buckley’s licensed insurance professionals to discuss the one that may be best for you.