Why You Need Personal Umbrella Insurance

Lawsuits are a fact of life these days. You probably know someone who has been sued or involved in a lawsuit, or maybe you’ve been involved in on personally.  You homeowners and auto insurance policies provide limits of liability in case you are sued, but often times these limits are not enough. 

Juries are awarding ever higher rewards in lawsuits, and once your auto or home policy liability limits are reached, you are on your own to come up with the what’s left. 

That’s where a personal umbrella liability policy comes into play. A personal liability umbrella sits on top of your auto and home policies (and boat and rv and motorcycle policies) and provides additional limits of liability insurance. If you have $500,000 of auto insurance liability coverage and you are sued and the other party is awarded a $1 million verdict against you, your auto policy will pay the first $500,000. If you have an umbrella policy, the umbrella will then pick up the additional $500,000 of the judgement against you. 

Umbrella policies will also cover you for being sued for libel, slander or defamation of character, and provide coverage for legal defense costs (which can be significant). 

The best part is, personal liability umbrellas are quite affordable. Probably more affordable than you think. 

Contact Us today for a free quote or if you have any questions about personal liability umbrella insurance policies. 

About Dawson Insurance

The first independent insurance agency in Dawson County, Dawson Insurance has a history of excellence since 1964. Located in Dawsonville, Georgia, we also offer unparalleled service and competitive quotes to personal and business insurance clients in Cumming, Gainesville, Alpharetta and throughout the entire State of Georgia.