Umbrella insurance extends the liability coverage you already have with your auto and home insurance. Auto, home, and boat/marine insurance are integral parts of risk reduction and financial protection, but what happens when they aren’t enough? Every policy has payout limits; so, what happens if a claim exceeds those limits? Would you be able to pay out of pocket for a financially crippling lawsuit?

If a claim is filed against you in an amount that surpasses your basic liability policy, umbrella insurance picks up where your other policy left off. A lawsuit could easily and quickly exceed the $100,000 or $200,000 limits that come with most auto insurance policies. But, with umbrella insurance, you would stay protected well beyond those limits—generally up to $1 million or $2 million.

Umbrella insurance doesn’t just protect you with higher payout limits, it also protects you in more ways. For example, what if you accidentally injure someone while riding a jet ski? Your homeowners’ liability coverage won’t protect you, because, clearly, the accident didn’t happen in your home. Your auto insurance won’t help you either since you weren’t behind the wheel of a car. But umbrella insurance will provide liability protection no matter where an accident occurs.

In addition to liability coverage, umbrella insurance protects you against claims of slander or defamation of character. Remember that your investments, future earnings, retirement funds and savings are all fair game in a lawsuit. So ensure that ALL your assets are protected. The insurance agents at DiVirgilio Insurance understand how much you truly have to lose.

When you work with us, our services begin with a thorough risk assessment and don’t just end when your policy is written. We help you file claims and provide periodic policy audits to ensure you’re getting the most inclusive coverage at the best possible premium. Contact us today at 781-592-5220.