Personal umbrella insurance isn't just for the wealthy. If you drive a motor vehicle or own a home, you're vulnerable to legal action and large judgments. If you have an ATV, RV, boat, or motorcycle, your need for extra protection is even greater. Your umbrella policy shields you and your family when the unexpected happens. It offers additional insurance protection above your current auto and homeowners policies that secures the lifestyle you've worked hard for. Your assets, your college fund, your nest egg, your retirement savings — they could be at risk from legal liability claims without the right level of coverage. With personal umbrella coverage you get added liability protection, to cover the following:
Up to $5 million in coverage that extends well beyond your home and auto insurance policies.
Personal injury coverage for claims of libel, slander, defamation of character and more.
Worldwide coverage for incidents that happen abroad.
Vacation rental liability protection for boats, jet skis, scooters and other rentals.
Defense coverage for attorneys' fees and other legal costs.
Here’s how personal umbrella coverage protects you: Let’s say you're sued for $1 million after an auto accident or an incident on your home or property, but your insurance only covers up to $500,000 in damages. Who's responsible for the other $500,000 if you're ordered to pay it? You are, unless you have personal umbrella insurance, which covers you and your family by paying claims that exceed the liability limits of your existing auto or homeowners policy. With personal umbrella coverage, your home and lifestyle are safe. Stay in control with an umbrella policy, even if you can't control events. Often for less than $1 a day you can protect the comforts and the people you hold dear. You may even consider raising the deductibles on your home and auto policies to help pay for your umbrella policy. To learn more, please call us at (253) 327-1177. Penny Lane Financial is here for you — and your peace of mind.