2 Main Important Reason Why You Should Consider Umbrella Insurance

Hey guys, this is Jason here with 303 Insurance Brokers. I want to share with you another excellent insurance tip of the day. I’ve been working on quoting a couple of homeowner clients here recently. They have nice cars, and they have great jobs. One of the conversations I am spending a lot of time with them is the advantages of adding a personal liability umbrella insurance.

What is Umbrella Insurance?

So what a personal liability umbrella insurance is? It is a personal liability umbrella that will be an extra million dollars with the liability coverage above and beyond—your home insurance liability as well as your auto insurance policy liability limits. So if you had $250,000 per person liability limits for bodily injury on your car, it now takes your total up to 1.2 – $5 million.

2 Main Reason To Have Personal Liability Umbrella

Umbrella insurance coverage covers injury to others or damage to their possessions

There are two main reasons for selling features that I use for these clients on why they want them. If they cause an accident, they want to make sure that they can make the other party whole. They can have insurance always available to help with medical bills, help with lost income. If they can’t work for some time, help with pain and suffering. 

Peace Of Mind

The other thing that it does for my clients is it gives them peace of mind that their lifestyle is not necessarily going to change because they accidentally caused an accident. It’s going to make sure that there are insurance dollars in place to protect their assets.

Who Should Have Liability Umbrella?

So, who should have a liability umbrella? Anybody that owns a home should consider it. Anybody with any significant assets should look at it. If you want to learn more about liability umbrellas, and if it’s the right fit for you and in your situation, feel free to reach out to me, Jason, with 303 Insurance Brokers.