When your earning power and assets begin to increase, your risks increase as well. Typically, homeowners insurance will provide $100,000 in liability coverage to protect you should an individual be injured on your property, or if you or a family member causes property damage elsewhere. In addition, while policies vary by state, liability coverage for automobiles is usually around $50,000 per accident and $25,000 per person.
If you need additional homeowners or automobile liability insurance coverage of
$1 million or more, you can purchase an Umbrella Liability Policy to cover the excess liability exposure.
This type of insurance will give you additional protection if a judgment against you surpasses the liability limits on your current homeowners or auto policy by adding coverage from $1 million to $5 million above your existing personal liability limits.
Moreover, umbrella insurance makes sense for many people, not just the super wealthy. Lawsuits can be a common occurrence, and additional protection is essential for many home and auto owners in Florida. While you may not be a millionaire, this fact will not stop someone from suing you as if you are extremely wealthy. This is why SWFL Insurance Agency specializes in helping you find the most appropriate coverage. From there, we can assist you with contrasting the various policy provisions to ensure the best policy to suit your individual needs in Florida.
Learn more at SWFL Agency Blog - Umbrella Liability
Speak with an independent insurance agent at SWFL Insurance Agency, inc. to determine your specific risk factors and learn more about how to protect your current and future assets. We have Umbrella liability Policies starting at $ 250. Annually.
Call us at 239-265-9577 or Email Info@SWFLAgency.com