Before Buying Umbrella Insurance

Personal Umbrella Coverages for Businesses and Individuals

Nov 28, 2006

Personal umbrella insurance provides coverage above the liability insurance limits included in a standard homeowner's insurance policy or Business Owner's Policy.

After researching insurance companies to find the right personal umbrella insurance policy for a home or business and researching insurance policy types to find the right Business Owner’s Policy or homeowner’s insurance policy, it’s time to take a closer look at add-on coverages available in an umbrella insurance quote, the key to properly insuring any home or business.

Coverage Available in Umbrella Insurance Quotes

Agreeing to a personal umbrella insurance quote extends the protection provided by an existing insurance policy to provide additional coverage. This excess coverage quite often provides as much as $1 million, $5 million, even $10 million dollars additional coverage for a home or business. An umbrella liability insurance policy can mean the difference between continuing to run a business without a hitch and having to sell a home.

Do You Need Personal Umbrella Insurance?

So what, some business owners might be thinking. I'm a small business. I’m “just” a homeowner. I don't need to think in terms of millions of dollars' worth of insurance or need to buy personal umbrella insurance. That's true only as long as someone can pony up $1 million in case everything is lost in a lawsuit. Subject to the limits and terms of the policy, an umbrella liability insurance policy might just be the best bet for many homeowners and small business owners. It's an additional layer of coverage in case of a “storm.” And isn't that what insurance is all about?

The copyright of the article Before Buying Umbrella Insurance in Insurance is owned by Lisa Nichols . Permission to republish Before Buying Umbrella Insurance in print or online must be granted by the author in writing.