With all of the rain we've had around here lately, your umbrella has likely been your constant companion. But when spring showers start to dry up, there is still an important umbrella you should have - an umbrella policy. When an unexpected claim comes your way you want to make sure you have all of your assets covered...and sometimes you need protection above and beyond your home or auto liability limits.

The way an umbrella policy works is quite simple. Let's say for example you have $300,000 liability on your auto policy and a $1 million umbrella policy. If any auto claim exceeds your $300,000 liability limit, the umbrella policy will continue to pay for that claim for an additional $1 million. In effect, you now have $1.3 million dollars in auto liability coverage! The same is true for your homeowners insurance.

There are a few important things to know when looking at umbrella coverage. First, you need to make sure your "underlying policies" (your auto and home policies for example) have the appropriate liability limits. Usually, in order to provide umbrella coverage, insurance companies require that you have a minimum amount of insurance on any homes, cars and boats that you may have. Secondly, umbrella coverage is unique to each insurance company, so we will talk you through the options that you have for umbrella coverage.

We don't want you to get caught in the middle of a perfect storm without adequate coverage when it comes to a claim situation. If you think additional liability is something you and your family should consider give our office a call. We can then put together a proposal for umbrella coverage for you and your family and answer any questions about your coverage. As you know, we are always more than happy to help!