If you have a homeowner policy, it probably provides liability protection, but that coverage is capped at a certain amount. An incident that exceeds that cap would have to be paid out of your own pocket, but a personal umbrella policy can offer extra liability protection, often up to a million dollars or more.
It’s tempting to think you won’t need this kind of liability coverage, but just one slip-and-fall accident on your property or a dog bite could cost you hundreds of thousands in court-awarded damages. Without an umbrella policy, a lawsuit could bankrupt you, which happens to people every day in Kentucky.
People who appreciate the added protection of a personal umbrella policy include:
An umbrella policy not only covers your property and your pets; it can be applied anywhere you travel around the world, for you and other members of your household. It will even cover legal defense fees related to liability lawsuits.
Commercial Umbrella Policies for Businesses
You can also get umbrella insurance as a business owner to supplement your general liability insurance. Commercial umbrella insurance works just like personal policies do, taking over once your other liability coverage has been exceeded. Instead of losing your assets to pay when someone sues you, your business umbrella policy can be utilized.
Our Independent Agents Can Make Sure You Get the Coverage You Need
Everyone’s risks are different when it comes to liability. Let us know what you need to get the peace of mind you desire. As independent agents, Bilz Insurance has a huge array of insurance products available, so we can customize a policy just for you. Give us a call today at 859-431-1235 or get in touch online to inquire about a quote.