Personal Umbrella Insurance in Hammonton, NJ
If an unexpected accident results in a claim or judgment that exceeds the liability coverage limits of your existing policies (e.g., home or auto), you could be responsible for costly out-of-pocket expenses. A personal umbrella insurance policy provides extra financial protection on top of your existing policies to protect you from hardship.
Contact M.L. Ruberton Agency in Hammonton, New Jersey, to learn how personal umbrella coverage can provide peace of mind.
What Is a Personal Umbrella Insurance Policy?
A personal umbrella policy is a binding agreement between you and your insurance company. Like other policies, your insurance company agrees to pay for covered losses up to your policy limits. Unlike other policies, personal umbrella insurance generally begins where your other policies end. These policies may also extend coverage to other members of your household, such as your spouse and your children. Typically, personal liability insurance has a $1 million limit, but greater coverage amounts may be available.
What Does Personal Umbrella Insurance Cover?
While individual policies may vary, the following are common coverages included with a personal umbrella insurance policy:
- Property damage may help pay for repairs or replacements if you or your family are held legally responsible for third-party property damage.
- Personal injury may help cover costs arising from allegations that you or your family caused personal injury to third parties, such as humiliation or
- Bodily injury may help pay for expenses stemming from allegations that you or your family caused bodily injury to third parties.
Personal umbrella insurance may also help pay for legal fees associated with litigation stemming from allegations that you or your family caused third-party harm.
For more information on personal umbrella insurance policies, contact M.L. Ruberton Agency today. Our agents can help you get started with a free insurance quote.
How Much Personal Umbrella Insurance Do I Need?
Although personal umbrella insurance isn’t required by law, if you feel you’re at risk of getting sued or your assets exceed your existing coverage limits, you should consider purchasing a policy. Your personal insurance needs will vary depending on your personal risk. When looking for personal umbrella insurance policies, you should consider getting enough insurance to cover your total assets (e.g., retirement and savings accounts). You may want to look at your current insurance policies to see how much additional coverage you need for financial protection.
Getting Personal Umbrella Insurance
Finding the right insurance takes time and effort. Let us help! Contact M.L. Ruberton Agency to speak to an insurance agent today.