Umbrella Insurance Protect major assets and future income with extra liability coverage!
What is Umbrella Insurance?
At Pacific Preferred Insurance, we recognize that protecting your family and assets is very important and a top priority, which is why people have insurance.
Umbrella insurance is extra liability insurance. It is designed to help protect you from major claims and lawsuits and as a result it helps protect your assets and your future. It does this in two ways: Provides additional liability coverage above the limits of your homeowners, auto, and boat insurance policies and it provides coverage for claims that may be excluded by other liability policies including: false arrest, libel, slander, and liability coverage on rental units you own.
What does Umbrella Insurance cover?
Generally speaking, umbrella insurance can provide coverage for:
1. Intentional or criminal acts or omissions 2. Written or oral contracts 3. Personal belongings 4. Businesses losses.
Putting a personal umbrella insurance policy to the test!
To better understand how a personal umbrella policy could better protect you and your family, let's look at an example.
You cause a car accident that injures the other driver and their passengers. Let's say you have up to $250,000 per person and $500,000 per accident for bodily injury on your traditional auto insurance policy. You might be thinking to yourself that this is sufficient and there's no need to be worried. But, what happens if that limit isn't enough to cover the other driver and passengers' medical bills, lost wages, and/or pain and suffering as they recover?
Suddenly, you could find yourself being sued for $1 million to cover all of the damages sustained by the other party. Your automobile policy's liability coverage may pay for up to $250,000 per person and $500,000 per accident, but what about the remaining $750,000 or $500,000?
A personal umbrella policy could help cover these additional costs when your standard auto insurance policy just isn't enough. By having this type of policy, it can help protect your bank account, home, personal property and potential wage garnishment.
Personal umbrella policies are available in million-dollar increments, from $1 to $10 million and the average cost for a $1 million-dollar policy is about a dollar a day!
Isn't that the peace of mind you want for you and your family? To get a free quote, just call 800-913-1844or complete the request online CLICK HERE
Not sure how much coverage might be right for you? Complete the form on this page and you will get access to a FREE tool you can download to help guide you in determining the appropriate amount of coverage that is best suited for you!
Licensed in California - License # 0H55899, Arizona - License # 1079624 , Kentucky - License # 942479, and Tennessee - License # 2351307