Umbrella Coverage

Insurance policies have limits that help to control your premium costs. In addition, these limits help insurers ensure that their financial responsibilities are met as are the claims needs of their policyholders.

But limits leave you with some exposure to financial loss, because any claim that exceeds the amount of a policy’s limit must be either paid for out of your pocket or be un-recovered. An umbrella policy can fill the gap that exists between your limits and your potential claims.

Umbrella policies extend the coverage limits of many types of liability insurance policies such as home and auto. It can provide $1 million or more in additional coverage to each of those policies you have.

For example, when an auto insurance policy has a $250,000 limit and you injure another person in an accident, the medical expenses and lawsuit could cost much more than that. Having the added protection of an umbrella policy gives you another $1 million or more to put toward those costs.

This keeps your savings intact while satisfying the financial obligations you have. Umbrella insurance can also provide protection for situations that would be excluded by other policies, such as when you are accused of slander or libel. Umbrella insurance isn’t just for personal coverage; it can also be purchased by a business in order to extend the reach of its various liability policies.

No matter how aggressive your liability insurance policy limits are, the inexpensive addition of umbrella insurance is a great, affordable way to extend your protection and meet whatever comes your way in the future.

Contact Perrett Insurance today at 888.372.8250 to learn more about coverage options. Our agents are happy to work with you to determine the best coverage meet your specific needs. You can also email us your questions and an umbrella insurance professional will reply promptly.