An umbrella policy provides coverage beyond the monetary limits established by traditional home and auto policies. They also cover many circumstances not included in these policies. If you’ve been involved in an accident, assessing the level of coverage available from the other party’s insurers is important, to recover the compensation and damages you deserve.
Many people with substantial assets obtain personal umbrella policies to provide protection for these assets should they ever be involved in a lawsuit. Insurance agents can help their clients determine whether an umbrella policy is right for them.