Personal Umbrella / Excess Liability Policies | Insurance Explained

If you are found to be legally responsible for injuring someone or damaging their property, anything beyond the limits of your standard liability insurance coverage will come out of your own pocket. Standard liability insurance generally includes homeowners, renters, auto and watercraft policies.
A personal umbrella liability policy provides an extra layer of insurance coverage over your standard liability policies. It protects your personal assets by kicking in when your standard liability coverage is exhausted.
Here are 5 reasons why you should consider a personal umbrella:

1. Standard liability limits are no longer sufficient to properly protect your assets.
It has become clear that liability limits on many car, home, or boat insurance policies may no longer be adequate to meet these increased risks in our everyday lives. What was perfectly sufficient coverage only a few years ago may not fully protect your assets today.

2. You own a pool.
If a guest is injured at your pool, you could potentially incur medical or legal expenses that stem from the incident. Liability protection is a standard part of a typical homeowners policy, but because a pool can increase your liability risk, you may want to consider increasing your coverage

3. You own rental property.
Even though you carry a separate landlord's policy for each rental property, an umbrella policy can help protect against major lawsuits should a tenant—or tenant guest—be injured on the property.

4. Social media.
If you contribute regularly to Facebook or other social media sites, you might consider an umbrella insurance policy that covers slander and libel.

5. You have children.
If you have dependent children, an umbrella insurance policy can help protect not just you but also them in the event they cause an accident.

Discover how a personal umbrella liability policy is both affordable and provides peace of mind -- knowing you have the right financial protection for all of life’s unexpected rainy days.

-~-~~-~~~-~~-~-
Please watch: "What Are Deepfakes?"
-~-~~-~~~-~~-~-