To understand how umbrella insurance works, consider this scenario:

Imagine you're held responsible for a multi-vehicle accident with damages totaling $850,000, but your auto policy covers only $300,000 in liability.

Without umbrella insurance, you must pay the remaining $550,000 out of pocket. However, an umbrella policy could extend your liability coverage beyond the $300,000 provided by your auto policy, covering the additional costs up to the limit you choose (typically from $1 million to $5 million).

In this case, the umbrella policy would cover the remaining $550,000, protecting your assets.

Other Scenarios Requiring Umbrella Insurance

• Your dog bites a neighbor's child
• A fire in your condo spreads to other units
• An accident occurs at your rental property

One of umbrella insurance's attractive features is its price. You gain significant additional coverage for a relatively low cost, transferring the risk to the insurance company.

Umbrella insurance is a wise choice in our litigious society. It provides valuable coverage in situations where primary insurance falls short.

Don't Risk Financial Ruin

If your coverage is insufficient, a single accident could bankrupt you. With rising medical costs, it's prudent to consider umbrella insurance.

Visit our office at 1001 Pemberton Hill Rd. Suite 203 Apex, NC 27502 to get your quote. Our team will compare the available markets to discover the greatest coverage for you.

Remember that most insurers require at least your auto insurance to qualify for an umbrella policy. Stand-alone umbrella policies are also available for special situations.