Why you Might Need to Purchase an Umbrella Liability Policy

April 17, 2013

Lawsuits today are more common than ever and although your homeowner’s insurance policy and auto insurance policy both include liability insurance, these may not be enough to cover the costs of a lawsuit brought against you.

An umbrella liability policy gives you an additional layer of insurance once your other policies’ limits have been exhausted Coverage is very affordable, with $1 million of personal liability insurance costing most people well under $300 per year. Having this insurance is particularly important if you have significant assets to protect.

Some of the types of situations in which an umbrella liability policy could respond:

• Auto accident with significant injuries to others or damage to property of others
• Serious injuries sustained by people in your home, especially homes with dogs, swimming pools, and trampolines
• Lawsuits against you for damages like defamation of character, invasion of privacy, libel and slander

Now is the time to get an umbrella liability policy. Contact Central Insurance today to speak with our experienced agents about policies and get quotes.