First, what is an umbrella insurance policy? It’s a policy that specializes in adding extra liability coverage in the case of an unforeseen lawsuit resulting from a home claim, auto accident, or negligence by someone covered under the home policy or business policy.
To qualify for an umbrella policy the insured must carry $250,000/$500,000 or more on an auto policy and $300,000 or more on a property insurance policy.
Premier Shield Insurance advises clients who own homes to purchase an umbrella policy to protect their assets. For less than $250 a year you can secure $1,000,000 worth of additional coverage.
Please call 774-847-7746 for a free umbrella insurance quote. We can take a look at your insurance package bundling home, auto, umbrella, and optional insurance line. If you’d like to get started you can also request an auto insurance quote, indicate you’d also like homeowners and umbrella quote in the notes section. We do also offer stand-alone umbrella insurance for the people needing them.
What is an Umbrella Insurance Policy?
Many customers ask “What is an umbrella insurance policy?” and more importantly…”Do I need an umbrella policy?” An Umbrella insurance policy is a type of personal liability insurance that covers claims above and beyond that of regular homeowners, auto, or watercraft policy coverage.
To own umbrella insurance, you must own standard homeowners, auto, or watercraft policy first; the umbrella policy kicks in after the regular coverage limits have been exhausted.
It’s highly recommended to carrier $250,000 per person, and $500,000 per accident on most policies and $500,000 liability on your homeowners insurance policy.