Do you know what a Personal Umbrella Policy (PUP) is and what it covers?
Protect yourself from a scenario where your "regular insurance" isn't enough. A personal umbrella policy is called and "umbrella" policy because it provides liability coverage over and above your standard auto and/or home insurance. In short, a personal umbrella policy kicks in right where your other liability underlying limits have been reached.
Personal umbrella policies are optional. Here's an example of why you might want one:
You're are fault for an accident that injures another driver. Your auto or homeowners policy liability coverage pays up to your limits; lets say it's $250,000. But the other driver has a high-paying job, and she can't work for six months because of her injuries. Now she's suing you for $1 million, and your car insurance only covers $250,0000. Your personal umbrella policy can cover the difference up to your policy limits
Another reason you may need an umbrella policy:
Do you have teen drivers? Sending them out on the road by themselves can be scary and nerve racking. Lets say your teen driver takes the car out for a night with their friends and they are in an accident and someone is killed. You will be responsible for the costs associated with that accident. Having a personal umbrella policy can give you the peace of mind that you have proper coverage in the event of an accident.
Have we got you thinking yet?
The best part about an umbrella policy is the price! You can get an extra 1 Million dollars in liability coverage for as low as $12 per month. Stop by our offices or give us a call for your FREE Quote today. Don't wait until something happens before you call.
Remember, you don't buy insurance for the best case scenario!
