Personal Umbrella Liability Insurance- It May be for You!!!

Financial success is a wonderful thing for many individuals and families. Protecting that financial success is very important and that is where an umbrella policy comes into play. An umbrella policy is an excessive liability policy that goes beyond your base liability limits of your home and auto policies. For example if an insured had a very serious at-fault auto accident where the other party sued for above the policy limits the umbrella would provided the add liability protection up to 1 million or beyond. It depends how much the umbrella limit is written for.

The umbrella policy could also included additional coverage for boat policies and rentals. I always tell customers to protect their net worth. An umbrella policy does that.

If Full Coverage- Smart to Take the Rental Car Coverage!!!

I have seen so many times where an insured forgets to add on rental car coverage on their new car they have purchased. They might have had an older vechicle that was just liability and it is finally time to replace that vechicle that may need full coverage. It is very clear that buying a new car is a very big purchase. If it is full coverage you are entitled to add rental car coverage. It is coverage for you that provides a daily stipend for a rental car while your vechicles is being fixed from a wreck in the body shop.

We never realize how much we need our vechicle until an unfortunate accident takes it from you for a short period of time. Rental car coverage is there to help you through this process.

So be sure to add rental car coverage the next time you buy a new car. It is worth the peace of mind.