Do You Need Umbrella Coverage?
If a liability suit is filed against you, all your assets are at risk. And, the more you have, the greater your risk. Even if you have personal liability coverage, it might be wise to purchase an umbrella policy to protect your hard-earned assets. Unfortunately, the sheer number of lawsuits is increasing and plaintiffs are being awarded larger judgements. These factors increase the probability that one day a suit will be brought against you. Personal umbrella coverage covers judgements from lawsuits that exceed the limits on your underlying insurance policies. For the legal defense of a covered claim, your umbrella policy would help pay for:
- Defense costs;
- Lost wages;
- Interest on unpaid judgements; and
- Reasonable expenses incurred by you.
However, to qualify for this coverage, you must have certain liability limits on your other insurance policies. Contact us for more details.
Phone: (407) 293-1009 or (863) 293-5400