Umbrella Insurance

Personal Umbrella Policy

A repairman slips on an icy stairway while leaving your home, resulting in a jury award for injuries and lost wages in excess of your home insurance liability.

While swerving to avoid a deer in the road, a driver covered by your auto policy accidentally hits a motorcyclist who’s medical and repair bills total more than what your auto insurance covers.

Your dog bites a child and causes serious injury resulting in expensive medical bills.

What happens if the settlement following an accident far exceeds your insurance coverage? A personal umbrella insurance policy provides an additional layer of personal liability protection. A single umbrella policy covers all underlying policies you own (auto, home, condo, motorcycle, boat, etc.) and kicks in if or when the liability limits on these policies are exhausted. Boizelle Insurance Partnership wants to be sure you have that extra protection and avoid devastating loss.

Who should consider umbrella insurance?

If your assets exceed the liability coverage included in vehicle or property insurance, you should consider a personal umbrella policy. These assets can include home equity, college and retirement savings, a second home, stocks and bonds, and even future wages or inheritance.

So, how does an umbrella policy work?

You’re held liable for causing a car accident and the cost to cover the damages and injuries is $500,000. The liability limits on your Auto policy are only $300,000.

In this case, your auto insurance would pay only $300,000 for the entire accident, and you would be responsible for the remaining $200,000 out of your own pocket.

In addition, a personal umbrella policy provides coverage for claims that may be excluded by other liability policies, including false arrest, libel, slander, liability coverage on rental units you own, and defense and court costs.

Most personal umbrella policies are very affordable

For as little as a $1 a day or less, you can have the peace of mind of knowing you’re protected.  So why take the risk? The experienced and knowledgeable agents at Boizelle Insurance are always happy to discuss the best insurance options available to fully protect you and your family, now and into the future. Contact us today to discuss whether an umbrella policy is right for you.