We are often asked the question, “How much liability insurance do I need?” While it is difficult for us to answer this question – because we cannot see into the future – we can say that you may need umbrella liability if you:
- Own a car
- Have retirement savings to protect
- Have children, especially a teenage driver
- Use social media
- Have pets
- Own a home
- Host parties or entertain guests at your home
- Serve on a board or provide volunteer services
- Travel abroad
- Own a boat, ATV, golf cart, or RV
- Own rental properties
Life is unpredictable and a legal claim against you can originate from any of the above activities and conditions. Fortunately, umbrella liability is inexpensive when compared to other forms of insurance. Think of an umbrella liability policy as the top block on a stack of building blocks. The bottom blocks are your auto, homeowner, boat, motorcycle, or secondary residence liability. The umbrella policy stacks on top of these foundation policies. If a claim is made against you, the total liability amount available to protect you can be calculated by adding up the limits of both policies. Umbrella coverage is contingent upon the active status of the bottom “underlying” policies.
Call us (386) 752-8660 to learn more or get free no-obligation advice.