Personal Umbrella Coverage in Boynton Beach and Stuart, Florida
You could face serious financial harm if the limits of your insurance policies (e.g., renters, home or auto) are exceeded by a claim or judgment. Personal umbrella insurance can help protect your assets in these scenarios. Contact Wiglesworth-Rindom Insurance Agency in Boynton Beach, Florida, to learn more about personal umbrella insurance policies.
What Is Personal Umbrella Insurance?
A personal umbrella insurance policy is a type of insurance that can provide an extra layer of protection beyond your existing policies. Coverage kicks in after the limits of your other personal insurance policies have been exceeded. Personal umbrella insurance may also provide coverage for previously excluded losses and for other members of your household, such as your children and spouse.
What Does Personal Umbrella Insurance Cover?
Policies may vary among insurers; however, a typical personal umbrella insurance policy may provide the following coverage:
- Property damage liability coverage may help pay for third-party property damage for which you or your family are responsible.
- Bodily injury may help cover costs, such as medical bills and lost wages, if you or your family are held liable for causing third-party bodily injuries.
- Personal injury may help pay for expenses stemming from accusations of third-party personal injury, such as claims of slander or libel.
Personal umbrella insurance may also help pay for legal fees arising from property damage or injury claims.
How Much Personal Umbrella Insurance Do I Need?
Personal umbrella insurance isn’t required by law; however, it may be beneficial if your property has “attractive nuisances” (e.g., a swimming pool, playset or trampoline), your existing policies don’t cover your total assets or you have additional liability risks, such as a teenage driver.
Everyone’s needs vary but purchasing enough personal umbrella insurance coverage to fully protect your assets (e.g., savings and home equity) may be worthwhile. Personal umbrella policies typically start with a $1 million coverage limit, but more significant amounts may be available. Our agents can help you secure a personal umbrella insurance policy that is right for you.
Where Can I Get Coverage?
We’re here to help you find the insurance you need. Contact Wiglesworth-Rindom Insurance Agency to learn more about our personal umbrella insurance policies and to get a free insurance quote.