A personal umbrella policy is an insurance policy designed to extend the overall liability coverage provided by your auto, homeowner’s, motorcycle, renter’s, or condominium policy, and acts as an "umbrella" over and above these coverages. Simply stated, an umbrella affords you protection against devastating claims and judgments.

How an Umbrella Policy Works

An umbrella policy kicks in when the limits of your primary policy (auto, home, etc.) are exhausted, or are subject to certain exclusions. As a result, your current assets and your future earnings are better protected.

Don’t get caught without Umbrella Insurance

You've worked long and hard to get to where you are today. You own a home and a variety of personal possessions, some of which may have been expensive. You've done your duty and pinched pennies to save for retirement, all in an effort to provide for your family's present well being, as well as their financial security in the future. But, if you aren't protected by an umbrella, everything you've worked for could be at risk because of a single accident or lawsuit.

Accidents Happen

Though you try to avoid them, accidents happen. And, even though you believe you have adequate coverage under your other insurance policies, you may need more protection. Costs to cover property damage, injuries to others, legal expenses from lawsuits and related court awards could quickly exceed the limits of your policies.

The following everyday examples help illustrate why you need extra protection:

• You have a graduation party, and one of your guests (a) slips and falls, causing temporary paralysis, as well as serious head injuries, or (b) leaves the party intoxicated and is involved in an auto accident, causing serious injury to himself and others;
• While playing recreational baseball, your errant throw strikes a nearby pedestrian in the face. The injuries require reconstructive surgery, but still causes permanent disfigurement;
• While reaching to pick up her cell phone, your daughter swerves across the center line, and hits an oncoming SUV. She is OK, but the accident disables the other driver, and causes serious injury to the two passengers.

Even if you have a modest income and assets, you can unexpectedly find yourself being sued because you were involved in a major auto accident or because of an unfortunate mishap on your property.

An umbrella policy is a low-cost policy designed to protect you, your family and your future against catastrophic lawsuits and judgments.

Making the decision

Making such a personal decision about your options is yours and yours alone under the law. When you work with the Independent Agents at Northern Chesapeake Insurance Services, Inc., your interests come first! Our agency's job is to help provide you with information on these choices so that you can make informed decisions.

Contact us for your free Umbrella quote!

Northern Chesapeake Insurance Services, Inc. is dedicated to finding you the right amount of coverage to fit your specific needs. Contact us today to receive a FREE umbrella insurance quote!

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