Personal umbrella insurance is designed to give one additional liability protection above and beyond the limits on homeowners, auto, and watercraft personal insurance policies.
Liability insurance is the portion of a homeowners or auto policy that pays for expenses for injured persons medical bills, rehabilitative therapy, and lost wages due to the negligence of the at fault person.
The personal umbrella insurance policy, depending on the insurance company, one can add an additional $1 to $5 million in liability protection. This protection is designed to cover the insured when the liability on other current policies has been exhausted.
The liability portion of an insurance policy also covers a legal defense representative if the negligence would happen to land the at fault person in the court room. After adding up all of the medical expenses for the injured and the legal fees of the negligent person, the standard liability in ones homeowners or auto policy is often not enough. Almost every state has financial responsibility laws that will hold drivers accountable for bodily injury and property damage resulting from car accidents and the at fault driver could be sued for the damage. Personal assets from the at fault driver could be seized resulting from a lawsuit. Similar laws are also in force for home and watercraft owners.
There is good news. A personal liability umbrella insurance policy can give one added liability protection without a large added cost. Additional liability insurance is often inexpensive, especially compared to the added coverage one gains. Furthermore, liability insurance covers ones non-business activities anywhere in the world.
Contact us today to learn more about California Personal Umbrella Insurance. One of our dedicated agents will be happy to provide you with a thorough coverage evaluation, as well as offer you a free quote right now! Give us a call at 714.563.4333 or send us your information by using the form below.