Personal Umbrella Insurance
Norfolk, Virginia Beach, VA
I Want to Increase My Protection
Increased Liability Protection for Individuals and Families
All liability insurance has maximum limits on what it will pay. There might come a time when you exceed yours. That’s where personal umbrella insurance can provide extra help. With coverage, you’ll get peace of mind knowing that even the most severe claims will prove less harmful to your financial security.
Come to Salzberg Insurance for affordable umbrella coverage that provides the highest-level of protection.
What’s Umbrella Coverage?
Think about umbrella insurance as protection on top of your standard liability coverage. To qualify for a claim, you must first use your underlying coverages to its maximum limit of liability. Still, rather than pay the rest of the claim out-of-pocket, you then can file on your umbrella policy to cover the excess costs. Most policies provide:
- Extra funds, from $1 million up to $10 million in protection.
- Coverage for incidents excluded from standard coverage
- Protection for claims like libel, slander, defamation of character and invasion of privacy
You can use your policy in conjunction with multiple other lines of coverage, including:
- Auto and RV coverage
- Home and renters protection
- Boat coverage
Why Do You Need Umbrella Protection?
Let’s say you have $100,000 property damage liability coverage on your car insurance. What happens if you cause an accident totaling more than $100,000 damage? What if you hit an expensive car like a Bugatti, with damage in excess of $750,000. If the accident was your fault, you likely must to pay for that vehicle’s damage with your auto liability coverage.
Yet, that $750,000 repair bill exceeds the limits of your existing $100,000 coverage. You don’t want to have to pay the remaining $650,000 in costs out of pocket. Instead, you can make a claim on your umbrella policy. In many cases, your excess coverage can help fit the bill.
Who Should Get a Policy?
Umbrella insurance is valuable protection for almost anyone who might face a significant liability cost. Let’s think about the idea of a little more closely.
After a liability settlement or lawsuit, you might have to pay using your own savings. If you don’t have enough, that could mean losing hard assets like your possessions to cover costs. Generally, people who have hard assets that exceed the value of their existing liability limits should consider umbrella coverage. That way, you’ll be able to turn to coverage for support instead of the value of your possessions.
Affordable Protection, Targeted Customer Service
At Salzberg Insurance, we help families invest in the umbrella coverage that will always keep them safe.
With policy options from multiple providers, like Stillwater® and Travelers®, we can ensure you always zero-in on the policy that’s best for you. Our experienced agents will research and compare your policy options to make sure you always get the most affordable coverage in your portfolio. We won’t cut corners to get you the best protection.
So, if you’re ready to get umbrella coverage, don’t hesitate. Call us at 757.583.1828
or request an online quote