Personal Umbrella Insurance in Rancho Santa Fe, California
A personal umbrella insurance policy can serve as a safety net, offering comprehensive coverage beyond the limits of your primary insurance policies. Contact Ranch and Coast Insurance Services today for a quote for personal umbrella insurance coverage.
What Is Personal Umbrella Insurance?
Personal umbrella insurance is a type of liability insurance designed to extend the coverage limits of your existing insurance policies. When the liability limits on these primary policies are exhausted due to a significant claim or lawsuit, a personal umbrella policy may help provide additional coverage.
What Does a Personal Umbrella Insurance Policy Cover?
A personal umbrella insurance policy may help cover various liability claims. Some common scenarios that can trigger umbrella insurance coverage may include the following:
- Personal injury claims—If you or a family member is involved in an accident where someone is injured or their property is damaged, you may be held legally liable. Personal umbrella insurance can help cover medical expenses, legal fees and other damage beyond the limits of your primary liability insurance.
- Auto accidents—A personal umbrella policy can help protect your assets if you are found at fault in an accident where the damage exceeds your auto insurance limits.
- Home liability—Accidents at home, such as slip-and-fall incidents or dog bites, can lead to costly liability claims. Your personal umbrella insurance can offer additional coverage when the liability limits on your homeowners or renters insurance are exhausted.
- Libel and slander—Personal umbrella insurance may also cover claims related to defamation, libel or slander. This coverage can be invaluable if you face a lawsuit due to harmful statements made against someone.
Who Needs Umbrella Insurance?
Personal umbrella insurance is not limited to wealthy or high-profile individuals. It can benefit anyone who wants to safeguard their assets and future earnings from potential liability risks.
Homeowners are exposed to various risks, and liability claims can be costly. Umbrella insurance can provide additional protection beyond your home insurance coverage.
Contact Us Today
A personal umbrella insurance policy may cover claims that exceed the liability limits of your existing policies. Ranch and Coast Insurance Services can help you evaluate your needs and risks to ensure you have suitable coverage to protect your financial livelihood.