The risk of being sued if you accidentally injure someone or
damage their property becomes greater every year. We can
help you determine whether this extra layer of liability
protection makes sense for you. Coverage amounts are
written in increments of $1 million and supplement your
present policies to provide additional personal liability
protection.
Who should
purchase personal umbrella coverage?
Historically,
wealthy people with sizable assets have purchased personal
umbrella coverage. This is no longer the case. Since our
society has become more litigious, people of all income
levels are choosing to extend their liability coverage. The
greater your risk factors, the more you will need to protect
yourself. Some high-risk factors include but not limited to:
·
Owning a personal watercraft
·
Having a young driver in the family
·
Owning a swimming pool
·
Owning a recreational vehicle
What Does Umbrella Insurance Cover?
The Personal Umbrella Policy protects you from major claims
and lawsuits in two ways:
1. Provides additional liability coverage above the
limits of your homeowner's, auto, and boat insurance
policies.
2. Provides coverage for claims that may be excluded by
other liability policies including but not limited to:
·
False Arrest
·
Libel
·
Slander
·
Liability coverage for rental units you own.
For more information on this insurance, contact your
Oliver
Insurance agent. |
