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.
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