Umbrella Insurance – Part Three

Why wasn’t I told about umbrella insurance coverage?

When you buy your car insurance policy, your car insurance agent probably told you that $300,000 is standard auto coverage and that is how much insurance you have. But if you wipe out a family or put them in intensive care for three months, the $300,000 will be gone in no time. You should call your insurance agent and ask him or her about a $1 million dollars umbrella insurance policy.

What does an umbrella insurance policy cover and how much does an umbrella insurance policy cost?

A $1 million dollars umbrella liability insurance policy will most likely cover your driving and may cover up to five rental properties among other things. An umbrella insurance policy is a good insurance policy which will probably cost $150-$250 a year. You should also verify what the umbrella auto insurance coverage is for your information in understanding how umbrella insurance coverage works.

Popular umbrella insurance policies

Umbrella insurance medical malpractice and umbrella insurance coverage for physicians have been popular because physicians face lawsuits daily. Personal finance umbrella insurance is also becoming more popular as one of the asset protection strategies. There are many personal umbrella liability insurance and personal umbrella insurance providers to choose from. Ask your insurance agent about personal umbrella liability insurance. You may want to inquire about umbrella insurance policy from various personal umbrella insurance providers to compare umbrella insurance coverage and rates for umbrella insurance policy.

Insurance with umbrella logo

Insurance with umbrella logo is not the same as umbrella insurance. A few insurance providers have some kind of umbrella logo. For example, Travelers has a red umbrella logo. Primerica, part of CitiGroup also has an umbrella logo. Be careful to distinguish insurance with umbrella logo and the real umbrella insurance.

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