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Personal Umbrella Insurance Coverage
Liability coverage is provided by both your homeowners and auto insurance policies. While you may think that the liability coverage that you already have is enough to keep you protected from any peril, it probably is not. Lawsuits are becoming more and more common, which means that your liability limits can easily be exceeded. Investing in a personal umbrella insurance policy is the best way to ensure that you have the coverage that you deserve.
Once the liability limits that are provided by your auto and homeowners insurance are reached, the liability provided by your umbrella policy will kick in. If you invite people over for a backyard BBQ this summer, and one of your friends slips and breaks their arm, you can be held responsible for their medical bills. They may also sue you to cover any lost wages if they are not able to go into work, or for pain and suffering. If you are only relying on only your home insurance liability, you can be left paying for the damages out of your own pocket. If you do not have the financial means to cover the cost, your assets can be seized to cover the bills.
Typical umbrella insurance policies start at $1 million in coverage, and then increase in million dollar increments. All this coverage will come at a very low cost, only costing a few hundred dollars for coverage for the whole year. While $1 million in coverage may seem like way too much protection, it probably is not. With the high cost of medical bills and court fees during a lawsuit, the million dollars in coverage will provide the protection that you need.
For all of your umbrella insurance coverage needs and to ensure that you are properly protected, contact the insurance professionals at All Nevada Insurance in Las Vegas, Nevada.
