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Umbrella Insurance

from Flury-Hinderks Insurance Agency

What is an Umbrella Policy?

An umbrella policy provides additional layers of liability protection above the typical liability limits of your auto insurance or homeowner's insurance policy. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over and provides you with additional protection. Additional umbrella liability protection usually comes in increments of one million dollars. 

Do You Have Enough Liability Insurance?

Just one serious accident, along with the resulting medical costs, lawsuits and other expenses, can put everything a family owns — and even future income — at risk. Imagine what would happen if your dog was to bite a neighbor’s child, or if there was an accident on your rental property. What would happen if you caused an accident resulting in serious medical bills?

If any of these things happened to you, there’s a good chance your current liability limits wouldn’t be adequate to protect your assets, or your future earnings.

Do I need an Umbrella Policy?

For most families, the largest asset they may have is their future income which could be at risk or garnished in a serious accident.

An umbrella policy is especially recommended (but not limited to) the following:

  • Families with young drivers
  • Own a boat or other watercraft
  • Own a rental property
  • Own a secondary property
  • Have a pool or hot tub on your property
  • Entertain other guests or company at your residence

Coverage You May Not Have Currently

An umbrella insurance policy also provides some coverage for situations that may not be covered by your home, auto, or other underlying insurance. The policy covers not just you, but your spouse and all family members living in your household, anywhere in the world. Legal defense fees are also paid.

Contact us to review your coverage and discuss adding an umbrella policy to your portfolio. Most insurance carriers offer discounts for having a bundled umbrella policy which can largely offset the cost.