If you are ever sued, your auto or homeowners insurance will provide some coverage toward lawyers fees or judgements against you. In some cases, this standard coverage may not be enough. Umbrella insurance will help when your home or auto policies do not provide enough liability coverage. It can also cover you for libel or slander.
How Does Umbrella Insurance Work?
When you reach the limit of your home or car insurance policy, the umbrella insurance kicks in. A $1 million personal umbrella liability policy costs an average of $150-$300 per year. There are options for higher coverage as well. Most insurance companies will require you have some sort of minimum liability coverage before you can add umbrella on top of it. For example, you may be required to have at least $250,000 or auto liability insurance and $300,000 of liability coverage on your homeowners policy before you can get an umbrella policy.
Insurance Packages & Discounts
Sometimes you can combine all of your insurance policies (home, auto, jewelry, collector car, etc..) under one insurance carrier. ERM Insurance Brokers knows how insurance companies differ and can help you find the best deal for your individual situation.
Insurance Coverage Reviews
We do a careful review to all your policies to make sure you have the right amount of coverage where you need it. ERM can provide expert advice for your unique situation.
Call us today at (949) 222-0444.