5 Reasons Why You Should Consider Umbrella Insurance

For many people, protecting your family and assets is a top priority, and insurance is a big part of this. You have home insurance to protect your home and belongings and car insurance for your car, but did you know that Personal Umbrella Insurance offers additional liability protection above the limits of your home and car insurance policies? Today, a single lawsuit can make or break in terms of your financial security, making umbrella insurance an easy decision. Read on to learn more about this affordable and effective insurance option.  

Umbrella Insurance: The Basics

To better understand personal umbrella insurance coverage, take this example into account. Say you host a party at your home. One of your guests, who happens to be a concert pianist, slips and falls on your icy back stairs and is rushed to the hospital. After several medical tests, she learns that in addition to a concussion, she also has a broken leg and arm. Not only does she sue you for her medical bills, she also sues for loss of income as she is unable to play piano for 6 months. Her medical bills along with legal fees far exceed the liability limits of your home insurance policy. Without umbrella insurance, you are responsible for these excess fees yourself. If you have umbrella insurance, however, this additional coverage will kick in once the limits of your homeowners insurance are reached. For around $200 annually, you could get up to $1 million dollars in excess liability coverage!

Scenarios Where You May Need Umbrella Insurance

While we think nearly everyone can benefit from the additional liability coverage of an umbrella insurance policy, here are 5 scenarios where we highly recommend this additional protection.

  • If you have children.

  • If you have a pet, especially a dog.

  • If you rent a home or car.

  • If you have a pool or swingset on your property.

  • If you frequently entertain guests at your home.

We hope these tips help you understand why Personal Umbrella coverage is important. If you have more questions about protecting yourself, a Doherty Insurance agent is here to help. Give us a call at 978-475-0260 or visit our website to connect today: www.dohertyinsurance.com


Doherty Insurance Agency
21 Elm Street
Andover, MA. 01810
Telephone: 978-475-0260
Fax: 978-475-0303