Auto and property insurance coverage are essential for providing protection if you are liable for accident injuries or property damage. If the unexpected happens, however – like a serious car accident, or an accident on your property that results in a large judgment against you – your current policy limits may not be enough. If a claim settlement is larger than your policy limits, it is your responsibility to pay the remaining amount.
Today, million-dollar lawsuits are increasingly common. Liability judgments resulting from inexperienced teen drivers, swimming pools, trampolines, cracked sidewalks, etc., are all examples of incidents that could end up in a lawsuit for hundreds of thousands – or even millions – in damages.
A Liability Plus personal umbrella policy provides additional protection for you and your assets. For a relatively small cost, you can get up to $2 million in coverage, providing an extra layer of protection for your assets that starts where your auto and homeowner liability insurance ends. With this added protection, you can focus on meeting your financial goals.