What is Umbrella Insurance?
If you are ever in a lawsuit, your personal insurance (such as homeowners or car) will cover some lawyers fees or judgements against you. However, this might not be enough. Umbrella insurance can protect you more than your home and car insurance and it also provides coverage for libel or slander.
How Does Umbrella Insurance Work?
When you reach the limit of your car or homeowners policy, the umbrella insurance kicks in. For $150-$300 per year you could have $1 million in umbrella insurance. There are also options for more coverage.
You might be required by your insurance company to have some sort of minimum liability insurance before you can add umbrella. For example, you might need to have at least $250,000 of auto liability insurance and $300,000 of liability coverage on your homeowners policy before you can get an umbrella policy.
Discounts for multi policy insurance
Sometimes you can combine all of your insurance policies (home, auto, jewelry, collector car, etc..) under one insurance company and they will give you a discounted rate. ERM Insurance Brokers can help you find the best deal for your individual situation.
Insurance Coverage Reviews
ERM provides free policy reviews to make sure you have the right amount of coverage where you need it. We are local experts who can help find the right insurance for you. Call us today at (949) 222-0444.