Protection Under an Umbrella Insurance Policy
Just like an umbrella is meant to provide protection from inclement weather, a personal umbrella insurance policy is meant to provide protection in case of any peril that you run into. While your existing insurance policies will provide coverage in most situations, they have limits on the amount of liability that they will provide. A personal umbrella insurance policy will provide the extra liability needed to ensure that you are properly protected.
The liability that is provided by an umbrella insurance policy will only “kick in” when the liability of your other policies has been exceeded to ensure that you are not financially ruined due to one accident. There are many scenarios in which a personal umbrella policy will provide coverage, including:
- If you are in an accident with multiple vehicles – if you are found to be at fault for a car accident that involved many cars, your auto insurance liability can be easily exceeded. If you do not have an umbrella insurance policy, you can be left digging deep into your pockets to cover the costs. An umbrella insurance policy will provide enough coverage to ensure that you are not financially devastated from one accident.
- If you are a landlord – when you rent out your home, you open the door to many different risks. If someone is injured on the property that you are renting, you could be found liable for the injuries. While your landlord insurance will provide some coverage, it may not be enough, especially if it is a serious injury. An umbrella insurance policy will provide the extra liability needed.
Contact the insurance professionals at Humble & Davenport in Renton, Washington for all of your personal umbrella insurance needs. We will work with you to make sure that you have enough coverage for any unfortunate situation, all at the right price.