Personal Umbrella Insurance in Temecula CA & Murrieta CA
One of the most commonly overlooked types of insurance is personal umbrella insurance or umbrella insurance. In the case of a catastrophic financial event, a personal umbrella policy could be the best protection to have. You could face a lawsuit if you have a major auto accident or someone gets injured on your property.
What Is Umbrella Insurance?
A personal umbrella policy can help protect your savings and other assets from large and potentially devastating liability claims or judgments.
Personal umbrella coverage begins when you’ve reached the underlying liability limits of your homeowners insurance or auto insurance. Umbrella insurance may even cover liability claims such as libel, slander and false imprisonment.
Why Do I Need Personal Umbrella Insurance?
Accidents resulting in high costs can happen to anyone, making umbrella insurance beneficial coverage. Umbrella insurance can prevent you from personally paying for another person’s medical or legal bills if you’re found responsible. In addition, an umbrella policy usually extends to other members of your household, such as your spouse, children and other relatives who live with you and don’t have auto or property insurance.
What Does Umbrella Insurance Cover?
If you’re at fault in a car accident that injures another driver, your regular auto insurance will cover the other driver up to your policy limit. However, if your limit isn’t enough to cover the other driver’s medical bills, umbrella insurance would help cover the additional costs.
An umbrella policy provides the additional coverage you need so you’re not paying expenses out-of-pocket. This extra policy helps protect your bank account, home and other personal property. Your umbrella policy offers you additional protection for many situations that may not be covered under different policies, such as:
Accidental injuries on your property
Accidents involving a boat, ATV, or other recreational vehicles
Golf course injuries
Defense fees and additional legal costs
How We Can Help
You are not legally required to purchase umbrella insurance, but it can be advantageous for people who have a lot of assets to protect or a high chance of being sued to buy it. K2 Insurance Brokers and Risk Management can get you an umbrella insurance policy to meet your coverage needs. Call us today at 800-741-4911 to get started on your policy.