Personal Umbrella Liability Policy

You don’t have to be a millionaire to be sued like one!

You’ve insured your car and your home, but what if?

What if you fall asleep at the wheel when driving home and cause an accident that seriously injures several people?

What if you have been meaning to fix the deck in your backyard, but a guest walks over it and falls through?

In these cases, the injured parties may sue you for amounts above one million dollars. Your auto insurance will prove liability coverage up to the amount of your policy limit.  Likewise, your homeowner’s policy will cover up to the policy limit.  However, the damages may being in excess of your policy limits.  In these cases, a Personal Umbrella Liability (PUL) policy can help you survive a lawsuit without losing everything you own.

Personal umbrella insurance acts as protection once your other policies have been exhausted. In cases where personal umbrella insurance is not purchased, causing an accident can result in your surrender of all your material goods in order to assess their value. Most often the property assessed is your home, cars and boating goods. Other property like jewelry and assets may also be part of the pot a person in a lawsuit can claim. Additionally, a portion of your salary may need to go to any successful claimants for many years, if not for the rest of your life.

Even if a lawsuit does not result in a huge reward, court costs are frequently high and exceed amounts an auto or home insurance will allow. Personal umbrella insurance will also step in to allow for repayment of court costs without your needing to sell assets to meet these costs.

Contact us today for a Personal Umbrella Liability quote.  We think you’ll be surprised at the affordability for the protection it provides!