What is a Personal Umbrella Policy? An umbrella policy is called an "umbrella" because it provides additional coverage or "excess liability" over other insurance policies, such as a homeowners or automobile insurance policy. It can protect you from bodily injury liability claims and property damage liability claims. Umbrella policies also provide a broader form of coverage and can help cover legal fees, false arrest, libel, and slander.
Is the liability coverage on your auto or home insurance policies enough to cover all of your assets? If not, you might want to speak with your Absolute Insurance agent on whether a Personal Umbrella Policy is a good fit for you and your family. A Personal Umbrella Policy provides liability over and above your other personal insurance policies such as your auto, home, boat, and motorcycle policies.
Who might need a Personal Umbrella Policy? Anyone who wants to protect their personal assets might want to investigate purchasing an umbrella policy. Review these statements below to see if you should contact an Absolute Insurance Agent about getting an umbrella policy. Do you:
When would an umbrella insurance policy come into play? Here are a few examples:
If you are interested in obtaining a quote for the price of an umbrella insurance policy, please contact us at (515) 279-2722.