Umbrella insurance is a type of personal liability insurance that covers claims in excess of regular homeowners, auto, or watercraft policy coverage. Umbrella insurance covers not just the policyholder, but also other members of their family or household. Umbrella insurance coverage covers injury to others or damage to their possessions; it doesn’t protect the policyholder’s property.
An umbrella policy can help you protect yourself from a personal liability lawsuit. Unfortunately, we live in a lawsuit-happy world. Where anyone can sue you for anything and ruin you financially. Even the most careful person with the best intentions can end up owing a fortune from a personal liability lawsuit. While you’re unlikely to find yourself in this situation, it’s still smart to protect yourself.
Don’t hesitate to contact Sheri, at The Insurance Store of Connecticut. She can explain what limits of liability you would need on your auto or home polices in order to obtain an Umbrella policy. Request A Quote.