The Best Coverage for Personal Umbrella Insurance in Havertown
Umbrella policies offer inexpensive “peace of mind” for most types of negligence claims. Automobile accidents are probably the most common source of serious claims. This policy supplements your basic automobile liability with extra million-dollar layers of protection. It also covers other types of catastrophic claims such as a neighbor’s child drowning in your pool or a slip and fall resulting in a serious injury on your property. The good news is that personal umbrella policies are very affordable. Request a quote today to see what options are right for you.
You don’t have to be a millionaire to be sued like one. Protect yourself against legal claims with personal umbrella insurance from the independent insurance experts at Peterson Insurance of Havertown.
Affordable Peace of Mind for Life’s Unexpected Events
Personal umbrella insurance provides additional liability coverage over and above the coverage you have now. We recognize that many people don’t know about this type of insurance policy, nor when they need it. Yet, in a litigious society, it’s critical not to count on your standard liability insurance policy being enough to protect you.
For example, if you are in an auto accident or someone suffers a serious injury in your home, your standard car insurance or Home Insurance policy may not provide enough coverage to satisfy their claims. That could put your assets at risk. Personal umbrella insurance covers large and often devastating liability claims and judgments made against you. You may also be able to include coverage for any personal landlord properties, secondary residences, personal watercrafts, or personal motorized recreational vehicles.
Your personal umbrella insurance policy can be designed to fit your needs. Once in place, this policy can help cover the following:
- Your spouse
- Any other person named on the policy
- Any relative or dependent that lives in your home
If you’re unsure if you need this coverage or how it could help provide you with financial protection, reach out to us for a quick consultation.
Personal Umbrella Insurance FAQs
What Is Personal Umbrella Insurance?
Personal umbrella insurance provides liability coverage when your existing home insurance, auto insurance, or other liability insurance policies run out and claims are still made against you.
For example: Someone suffers a life-changing injury in a car accident you’re found at fault for, and they sue you for their losses. Your auto insurance liability coverage provides $100,000 worth of coverage to cover their bills. Yet, they are suing you for $600,000. That means you could be responsible for the remaining $500,000. In this case, umbrella insurance could help cover your losses for the difference.
What Is Business Umbrella Insurance?
Like personal umbrella insurance, Business Umbrella Insurance offers liability coverage to business owners for claims above and beyond their other insurance protections. However it is a separate type of policy from Personal Umbrella Insurance. Nearly all businesses can benefit from this coverage.
Who Needs Personal Umbrella Insurance?
Everyone could potentially benefit from Personal Umbrella insurance coverage. Most especially though, if your net worth is higher than the maximum liability coverage you have on your existing liability policies, then it’s imperative you seek out umbrella insurance. That helps minimize risks against your assets.
What Does Personal Umbrella Insurance Cover?
You may choose your limit of coverage typically ranging anywhere from $1 million to $10 million, in $1 million increments. The coverages afforded may vary slightly from one company to the next. However, most policies cover a range of losses that come from a covered occurrence. This could include:
- Bodily injury claims, including for loss of income, medical bills, funeral expenses, and others for those involved in an accident
- Personal injury claims, including invasion of privacy, libel, slander, false arrest, humiliation, and defamation claims
- Property damage claims, including physical destruction of property
Get Your FREE Personal Umbrella Insurance Quote Today!
Peterson Insurance is a family-owned and operated independent insurance agency serving all of Delaware County and surrounding areas. We have a solid reputation for providing exceptional service to our clients. Get a FREE personal umbrella insurance quote now. It takes just a minute to learn how affordable coverage can be. Click or call today!
What to Expect from Peterson Insurance
Insurance can be confusing and with all of the online companies these days, a lot of customers feel that they aren’t getting the answers and coverage explanations they deserve. We make sure that we take the time to work with each of our customers on a personal level and help you get the coverage you need at a price you can afford. For us, it’s simply a matter of doing things the right way.
As independent agents, we check options from many carriers, finding you the best price available to meet your needs.
We're a family business, and firmly believe that you should be treated with the same level of care and courtesy.
We do more than just getting you covered: we ensure you understand your options to make the best choice.