Personal Umbrella Insurance

Personal Umbrella Liability Insurance

With the rising number of accidents and injuries in recent years, many Americans have had to face strenuous lawsuits that have harmed theirs and their families' financial well-being. Attorney fees, court costs, medical care, lost wages, and a multitude of other costs add up when facing a lawsuit, leaving the policyholder strapped for resources when faced with the costs of defending themselves in a lawsuit. Most personal auto, rental property, and homeowners insurance policies offer only a limited amount of liability coverage; personal umbrella insurance policies are designed to address this issue and provide an additional layer of coverage in the event that legal action is taken against the policyholder.

How does it work?

Personal umbrella insurance covers you for costs that exceed the coverage limits on your existing personal auto and home insurance policies. For instance, if you cause a major accident in which the damages exceed the liability limit on your auto insurance policy, then your personal umbrella policy would cover the remaining expenses once the limits on your personal auto policy were exhausted. This scenario works in the same fashion if an accident occurred in your home, in your rental property, in a motorcycle accident, or any other accident in which you are at fault for the damages incurred. 

At ATAB Insurance Services, we encourage all policyholders to carry personal umbrella liability insurance in addition to their other personal insurance policies to ensure they are protected against the dire consequences resulting from lawsuits. Personal umbrella insurance in both Texas and California is very affordable and is a small price to pay when you consider the potential damage a lawsuit can wreck on your and your family's life. We work with you to build a personal umbrella policy that properly covers all of your assets so that you can live your life with peace of mind. 

 

Contact Us for more information on obtaining personal umbrella liability insurance.