Our Personal Umbrella Coverage
Protecting you and your assets is our top priority. Do you know what could happen if you were sued by someone who was injured on your property or injured in a serious accident caused by you? If the cost of the lawsuit exceeds your liability coverage, then you are responsible for the outstanding amount of the judgement.
A Personal Umbrella Liability policy protects you and your assets by offering an extra layer of liability protection. The policy extends the bodily injury and personal damage liability limits of your home and auto policies. An umbrella policy also provides legal representation at no cost to you in an amount equal to the umbrella liability coverage.
Consider the following scenario:
Let’s say you are at fault in a serious auto accident, and the injured party sues you for $1.3 million, resulting in a judgement against you. Your auto liability insurance would kick in first and provide coverage up to the $300k limit on the policy. But without any additional liability coverage, you would be on the hook for the remaining $1 million, and your assets could be seized. If you had purchased a $1 million personal umbrella policy, you would be covered for the entire $1.3 million and pay nothing out of pocket. Nationwide will also provide an attorney and cover the legal fees up to the $1 million policy limit.
The quality of our insurance assistance speaks for itself, and we can’t wait to partner with you. Contact us today to learn more about protecting you and your assets.