Umbrella Insurance

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What is Umbrella Insurance?

Umbrella insurance refers to a liability insurance policy that protects the assets and future income of the policyholder above and beyond the standard limits set on your primary policies.  Liability issues are everywhere in California and you never know what could cause someone to present you with a lawsuit.

What does Umbrella Insurance cover?

Most liability coverage that rests within your current insurance policies only covers bodily injury and property damage to others. Umbrella policies will extend those limits to not only provide additional coverage for bodily injury and property damage, but also to cover things that are not listed under regular liability allowances. Every insurance policy is different, so what is considered a covered liability loss under one insurance policy may not be covered on another insurance policy. Umbrella Insurance steps in when these situations present themselves and/or you exceed to amount of liability coverage for the events that are already allowed under your regular insurance policies.

Why should you purchase Umbrella Insurance?

You may not think you need an umbrella policy, but consider this scenario. You cause an auto accident which puts someone out of work for the rest of their life and causes very high medical bills. The courts can take everything except one car, basic household furnishings, and your house.  What they can take is the equity of out of your home, your checking & savings account, 401K and up to 10 times your annual wages.  After they take the equity out of your home you will now be faced with a higher mortgage payment that you may or may not be able to afford.  You will be forced to sell your home that you have worked so hard for. 

An umbrella policy can help keep your family protected and reduce your liability.  Most people believe an umbrella policy isn’t cheap.  Most of the time your umbrella premium can be around $350 for the first million and the cost decreases for each million you add thereafter.  Now ask yourself again is an umbrella policy is worth it? 

Although these kinds of things may be few and far between, you cannot be too careful. Umbrella Insurance is typically purchased at a low cost to you, but will provide enough coverage to where you shouldn’t have to worry about liability costs in the future. Contact Integrity Now Insurance Brokers today for more information on an umbrella policies and reduce the fear of loosing everything.  Get a free online quote today!


Integrity Now Insurance Brokers, Inc
4182 Viking Way, Suite 203 Long Beach, CA 90808

License #0D42517
(562) 606-1030
kedwards@integritynowins.com
www.churchpropertyinsurance.com