Personal Umbrella Insurance Coverages and Options

You’ve insured your car and your home. If the unexpected should occur, make sure you are protected. A personal umbrella insurance policy offers an extra layer of liability protection for your assets if there’s a serious auto accident or accident on your property. Otherwise, you could be liable for more than your current auto or homeowners coverage limits.

How personal umbrella insurance coverage works

Consider this scenario:

Your home insurance provides $300,000 of liability coverage.
A serious accident occurs on your property, and you’re sued for $1.7 million resulting in a judgment against you.
Your insurance would pay up to $300,000 for a covered accident, but you would need to come up with the remaining $1 million.

– If you had $2 million of coverage under an umbrella insurance policy, you would not need to liquidate your assets to pay the remaining $1 million in this example.

– Personal liability insurance helps protect your wages, house, investments, cars and boats from being at risk if a serious accident occurs. Talk to an agent to find out what the best level of coverage is for your situation

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Other Specialty Insurances

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(330) 722-4444

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location

Lazor Insurance and Financial Services
404 North Court Street
Medina, Ohio 44256

(330) 722-4444 Phone
(330) 722-6161 Fax

Securities offered through Brokers International Financial Services, LLC. Member SIPC. Investment advisory services offered through LexAurum Advisors, LLC, a registered investment advisor. Brokers International Financial Services, LLC and LexAurum Advisors, LLC and Lazor Insurance & Financial Services are not affiliated companies.