Personal Umbrella Insurance
Personal Umbrella Insurance Quote Forms
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Personal Umbrella Insurance Information
Your personal insurance policies, such as auto, home, watercraft or renters, typically provide liability coverage to help protect you financially from damages or bodily injuries for which you may be liable. Umbrella insurance coverage helps protect you from the costs of covered claims when those costs exceed the limits of your home insurance or auto insurance policies.
The Deale & Associates Insurance Agency of Maryland provides individual insurance policies that reduce our customers’ financial risk exposure, and we can also help to protect you.
What Is a Personal Umbrella Policy?
A personal umbrella policy helps protect you from damaging liability claims or judgments that exceed the limits set forth by your existing policies. Without this essential coverage, liability costs that exceed your current policy protection may be your responsibility, which can be financially devastating. A personal umbrella policy helps protect your assets when your existing liability coverage, provided by your current policies, is depleted.
What Does Personal Umbrella Insurance Cover?
Personal umbrella insurance is a layer of liability protection on top of your principal insurance policies. For instance, if you cause an auto accident and someone is injured, your auto insurance may cover the third party’s injuries and repair the damaged vehicle—up to your policy’s limits. However, if your auto policy limit can’t adequately cover the injured party’s medical expenses, a personal umbrella policy may be able to cover the additional costs.
Who Needs Umbrella Insurance?
Although personal umbrella coverage is optional, if you have significant assets and want protection against potential lawsuits, you may want to consider adding this policy to your insurance portfolio. This coverage protects you and other insureds (e.g., your family) named on your current insurance policies.
Managing the Risk of Maryland’s Residents
Deale & Associates Insurance Agency has helped protect the assets of Maryland’s residents since 1986, and we look forward to helping you assess your risks for suitable umbrella coverage. Call us at 410-267-5601 to start on your no-obligation quote.
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