Umbrella Insurance Policy - To really feel secure about protecting your assets and your future, you may need the extra level of protection provided by personal umbrella liability insurance.

An umbrella policy provides additional layers of liability protection. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over and provides you with additional protection. The cost is minimal compared to the comfort of knowing you're covered.

Imagine if your dog were to bite a neighbor's child. Or if there's an accident on your rental property. Or a fire in your condo spreads to other units. What would happen if you or a family member missed a stop sign and struck and killed a pedestrian? If any of these things happened to you, there's a good chance your current liability limits wouldn't be adequate to protect your assets or your future earnings.

A lot of factors determine the amount of coverage you need. Your financial status, lifestyle, and existing coverage are all relevant, but in liability lawsuits, judgements can exceed net worth. Talk to your agent to determine what's right for you.

To qualify for an umbrella insurance coverage, you must carry specific auto insurance policies with specified liability limits. Your home, renter, or condominium policy must also include certain limits of liability coverage.

Liability Insurance Starts When the Others Stop - Once the liability limits are exhausted on your home, auto, or other policy your Umbrella policy takes over and provides a second layer of protection of at least $1,000,000. Higher limits are available. Umbrella insurance policies also pay claims not covered by your home, auto, or other underlying insurance. The policy covers not just you but your spouse and all family members living in your household anywhere in the world. Legal defense fees are also paid.

Considering the extra security and protection it provides, personal umbrella liability insurance is surprisingly reasonable. The average cost is just pennies a day. Your insurance agent can help you find an umbrella insurance policy that meets your specific needs. Here are a few things to discuss when you talk:
* Discuss your financial status, lifestyle, and current and future assets.
* Ask your agent to review the liability limits in your current policies.