Here's a scenario: A jogger trips on a crack in the sidewalk in front of your home. He falls and injures his wrist, requiring surgery to repair it. You have a homeowner's liability limit of $300,000, so you think you are well covered for this type of incident. The jogger turns out to be a surgeon and his attorneys claim he may never regain the use of his wrist needed to perform his job. They are threatening to sue for medical expenses, lost wages (present and future) and pain and suffering. You need an umbrella policy.

A day in court can cost you a lifetime of work. With multi-million dollar personal injury judgements becoming the norm rather than the exception, it is a good idea to protect your assets with an umbrella policy. A personal umbrella policy, also known as "excess" liability, covers you when your underlying policy limits are exhausted. The policy requires certain liability limits on your auto and homeowner's policies and will give you additional liability protection anywhere from $1-$5 million dollars, depending on the coverage you purchase.

Umbrella policies are very affordable considering the coverage they provide. Prices are determined by the amount of exposure you have. Additional cost will be incurred for each vehicle, child, dog, recreational vehicle, etc. that you own. The greater the possibility of a liability claim, the higher the premium.

If you would like more information about a personal umbrella policy or need a comprehensive review of your personal liability exposures, please contact us at 800-627-2241.