Call Us 281-466-1057 ☰ ˟
281-466-1057
Logo
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
  • Blog
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • Location Map
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > Do I Need Umbrella Liability?
THURSDAY, OCTOBER 8, 2015

Do I Need Umbrella Liability?

Do I Need Umbrella Liability?


When and if you are ever sued, your standard homeowners or auto policy will provide you with some liability coverage, paying for judgments against you and your attorney's fees, up to the policy limit . However, in our litigious society, you may want to add an another layer of liability protection. That's what a personal umbrella liability policy provides.

Your umbrella policy will kick in when you reach the policy limits on the underlying coverage. ( homeowners, renters, condo or auto policy) It will also cover you if your sued for libel and slander.

For about $150 to $300 per year you can buy a $1 million personal umbrella liability policy.  You can get the next million for about extra $50 to $75.

Because the personal umbrella policy kicks after the underlying coverage is exhausted, there are minimum limits that  must be met in order to purchase this coverage. Most insurance companies will require you to have about $250,000 of liability insurance on your auto policy and $300,000 of liability insurance on your homeowners policy before selling you an umbrella liability policy for $1 million of additional coverage.

Posted 4:54 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2015


View Mobile Version
Logo
Quick Links
Home Our Products Customer Service Payment Options Report a Claim
About Us Refer A Friend Our Carriers Blog Contact Us
Location
26314 Oak Ridge Dr
The Woodlands, TX

Ph: 281-466-1057
Fx: 281-668-4083
aemfinger@twfg.com
Social Social Social Social
© Copyright. All rights reserved.
Powered by Insurance Website Builder