Umbrella Policy

Protect Yourself from a Financial Catastrophe with Umbrella Insurance

Did you know that if someone is seriously injured on your property and you are legally liable, your homeowner’s insurance policy may not provide full coverage?  Your entire savings could be wiped out in the blink of an eye.  

Umbrella insurance has its name because it protects you from catastrophic financial events.  Consider the following scenarios:

  • You failed to clear snow from your sidewalk.  Someone slips and falls, suffering a back injury.  They successfully sue you for $3 million, but your homeowner’s insurance stops at $250,000.
  • Your teenage child causes a major car accident, seriously injuring several people.  The damage to their vehicles and medical expenses far exceed the standard $300,000 car insurance coverage you have.
  • Your dog seriously mauls your child’s friend one afternoon.  Again, you have $250,000 in homeowner’s insurance, but the medical bills and legal expenses from the lawsuit result in $2 million in expenses.

How would you pay for these expenses if they happened to you?

Fortunately, there is a solution – an umbrella insurance policy.  Once the limits on your existing insurance policies – homeowners and auto, are exhausted, your umbrella policy takes effect.   

Are You a Good Candidate for an Umbrella Policy?

  • Top risk factors – If you own a dog, and especially if you own an aggressive breed, or if you have a teenager, you are at much higher risk for an expensive lawsuit.  
  • What assets do you have? – If you have substantial assets – a home, car, brokerage account, or retirement savings, these assets are at risk in the event of a lawsuit.  Basic policies cover just a portion of your assets.

Your umbrella insurance policy covers all your possessions at higher levels, including:

  • Home
  • Vehicle
  • Boat
  • Snowmobile
  • Motorcycle

At Core Benefits Group, we’ll help you identify whether umbrella insurance is right for you.  We believe in building strong, trusted relationships with you by helping you identify the insurance you need at a rate you can afford.  

Get your FREE Umbrella Insurance quote by visiting this URL.