Umbrella Insurance

An Umbrella Insurance policy is a type of liability insurance that is designed to protect you when you require more liability coverage than your normal policies (homeowners, auto, etc.) provide.

This is not as uncommon as you might imagine. For example, if you carry $300,000 in liability insurance to protect you against injury claims, but a lawsuit is brought against you and the costs associated with that suit exceed the $300,000 cap in your coverage, you have a financial hurdle to overcome. The same holds true for auto policies, which will always come with coverage limits.

Those limits don’t mean you can’t protect yourself, however. That’s what an umbrella policy is for. Each such policy can be specifically crafted to suit your specific needs, coming into effect at the exact moment you need it. Even better? They’re affordable, too.

To learn more about this type of insurance and how it might fit into your life, contact JF Murray today to schedule a consultation.

This web site may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice. You may wish to consult a competent attorney, tax advisor, or accountant.