An umbrella policy is simply liability coverage over and above the coverage of a regular policy. The term “umbrella” is used because it covers liability claims from all policies underneath it, such as auto insurance and homeowner’s insurance policies. Most umbrella policies are sold in increments of $1,000,000. This liability limit will go over and above your auto and homeowner liability limits. Every company has their own requirements with regards to underlying limits that need to be in place to qualify for umbrella coverage.
Depending on your exposures, Umbrella coverage can be relatively inexpensive. Call us for a quote today.
Your SZW Team