Did you know that a homeowners or auto policy alone may not provide enough liabilty coverage?   If an unfortunate accident were to occur that is your fault, your standard policy will afford you with some protection.   However,  if a judgement against you exceeds these limits you will not be covered for this extra amount.     This could mean that other personal assets, (such as cash, stocks, or even your home)  would need to be used to satisfy a judgement against you. 

 

Personal Liability Umbrella policies take effect when the liability limits of other policies are used up.     With judgement amounts increasing, in some cases to hundreds of thousands of dollars or more, it is easy to see how a basic policy could be quickly exhausted.   Umbrella policies provide that extra protection to cover claims that you or your dependents may cause. 

 

These policies can give you extra protection without a large cost.  For example, $150-300 per year can provide a million dollar personal liability umbrella policy.    Having this extra protection is something that everyone should consider. 

 

To find out more about this type of policy, its cost, and avaliable coverages, contact the Lockwood Agency.    Our insurance experts can provide you with a personalized approach to your needs. 

 

For a rate estimate on a policy, you may also fill out the below form and we will respond to you shortly.