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What is an umbrella policy and why would I need one?

An umbrella policy is a liability insurance policy that provides an extra layer of coverage over and above your underlying insurance policies, which may include auto, home, boat, or rental property.

There are also commercial umbrella policies that provide excess coverage over the top of business, business auto, and workers compensation insurance policies.

Why do you need an umbrella policy?

When something really awful happens, like you severely injure or kill somebody in a car accident, you want to make sure that your assets are protected.  There is a good chance that your basic auto policy will not provide the amount of liability protection that you need, and an umbrella policy is where you would find that additional protection.

Don’t think that this can’t happen to you because we have plenty examples of where this has happened to regular people.

Watch this video “What is an Umbrella Policy and Why Would I Need One?” for more details:

Welcome to The Murray Group Solution Center

This is video #53 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.

If you have additional questions regarding umbrella insurance or if you would like to discuss and receive a quote for a umbrella insurance policy use the link below:

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Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.

created by Ryan Hanley