Umbrella insurance helps protect you and your assets against potentially devastating claims and lawsuits. It does this by extending the liability limits on you existing home, auto and boat insurance, and kicks in once those existing limits are reached. Umbrella insurance is important coverage, especially if you have a net worth of $1 million or more.
What Does Umbrella Insurance Cover?
Whether it's a serious car accident involving pricey medical bills or an incident on your property, you can quickly find yourself responsible for damages that exceed the limits on your auto, homeowners or boat policies.
- An extra $1 million to $10 million of liability coverage, which can help protect assets such as your home, car and boat.
- Coverage for claims like libel, slander, defamation of character and invasion of privacy.
- It also helps cover defense costs, attorney fees and other charges associated with lawsuits.
- This coverage can also extend to international occurrences.
Umbrella Insurance Through Magnolia Can Provide:
An umbrella policy is a valuable addition to any auto, homeowners or other policy for extended personal liability protection. In today's world, anyone can get hit with a lawsuit. That's why it's more important than ever to consider an added layer of protection for your assets – and your peace of mind. Reach out to one of the experts at Magnolia today to make sure you are fully covered.