Personal Umbrella Insurance

Have you noticed that the general population is filing more lawsuits than in the past? In record numbers, people are awarded larger judgments than ever before.

Are your insurance liability limits sufficient to protect your assets and future earnings in the event of a lawsuit? We highly recommend looking into a Personal Excess Liability (Umbrella) policy. This type of policy is an extra layer of liability coverage over your automobile, homeowners, motorcycle or boat policy. Should you be liable for someone's injuries or damages, and your primary policy's limit runs out, an umbrella can offer an additional million dollars or more of protection.

Certain exposures, such as swimming pools, trampolines, or inexperienced drivers make a very compelling case to add an umbrella policy.

You may not think you need an umbrella policy, but consider this: What happens to you and your family's assets should you be sued for something that occurred at your home and the legal costs of the lawsuit greatly exceed the liability coverage defined by your homeowner's policy? Who will pick up the tab if you are responsible for a multi-car accident and your liability costs exceed the limits on your car insurance by thousands of dollars? Although these kinds of things may be few and far between, you cannot be too careful.

This coverage can often be added for less than $200 annually for one million dollars of additional protection. Contact Tanenbaum Insurance today for more information on umbrella policies.