Over 50% of accidents now involve an attorney and some sort of litigation. You need an extra layer of protection on top of your auto and homeowners insurance policies to guard against person injury lawsuits.
Umbrella insurance is a stand-alone liability policy that provides an additional limit of liability over and above your underlying liability limits that are already on your homeowners and auto insurance policies.
Owning a pet or having guests in your home can open you up to financial consequences even when you are not the cause of an accident. Umbrella coverage safeguards you in the event of a lawsuit. Settlement fees can add up to millions of dollars. Costs can include:
Pain and suffering
A personal umbrella policy adds financial protection on top of your other policies. An umbrella policy pays when you are financially responsible for costs that exceed the limits of your other insurance policies.
How much does Umbrella insurance cost?
One of the things that makes Umbrella insurance so appealing, and almost a no-brainer in most situations, is that the cost is generally very low.
Most insurance carriers offer coverage starting at around $150 per year. The cost of your policy goes up based on the amount of cars and homes you need it to overlay, but in general the cost is pennies on the dollar, and all the risk is on the insurance company.
Don’t let one accident cost you everything you own.
Please call our office directly at 865-213-2111 or click over to our Get Proposal page to send us some basic information about your needs, so we can get started on your policy review and comparison!