The Personal Umbrella Policy is an important insurance policy but many people are unaware of its benefits and the protection it provides them. An “umbrella” policy provides higher limits of liability coverage to protect against a catastrophic liability loss. It covers liability claims from all insurance policies underneath it such as auto, homeowners, and watercraft, paying claims after the limits on a homeowners or auto policy have been exhausted.
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? Will you be able to pay the costs if you are responsible for a multi-car accident and your liability costs exceed the limits on your auto insurance by thousands of dollars?
An umbrella policy adds protection for you. It is designed to help you when the liability coverage on a current policy has been exhausted.
At Sylvester Insurance Agency, we will help you find the most affordable and comprehensive coverage, so you are protected. Contact us for a free Massachusetts umbrella insurance quote today.