umbrella-2904775_640A Personal Insurance Update An umbrella policy provides additional insurance (limits) coverage, usually over your auto liability and homeowners liability policies. An umbrella policy may also provide a broader form of coverage including, false arrest, libel and slander. For about $150 to $300 per year you can buy a $1 million personal umbrella liability policy. The next million will cost about $75, and $50 for every million after that. (Insurance Information Institute) Benefits Of An Umbrella Policy
  • In some cases, an umbrella my pick up damages not covered under your primary polices
  • Umbrella policies provide a higher level of coverage.
  • Defense coverage associated with attorney fees and related legal costs.
  • If you have any assists like a home, 401K or other investments, these can be at risk in the event of an auto accident or some other action.
  • Coverage can include your boat, ATV or motorcycle as well.
  • It also helps cover defense costs, attorney fees and other charges associated with lawsuits.
  • Like all insurance, an umbrella policy should bring you some peace of mind.
  • Can also cover claims from libel, slander, or false arrest.
Since your home is your most valuable asset, you need homeowners insurance. It gives you financial protection if something unexpected happens to your home, theft, fire, a natural disaster, or other loss. At J.S. Edwards & Sherlock, we offer a wide variety of homeowners insurance plans that are custom designed to suit your needs. The result is an individualized policy that gives you the peace of mind and protection you need.