Personal Umbrella Insurance
Personal umbrella insurance is low-cost liability coverage that provides an extra measure of security beyond the limits of the liability insurance on auto and homeowners policies. Personal umbrella insurance provides additional limits of coverage if you're sued for damages suffered by someone as a result of an accident — involving your car, property, or while participating in recreational activities such as boating or golfing. You are especially exposed to the risk of an incident resulting in a lawsuit if you:
- Have a swimming pool.
- Have a young driver in your family.
- Engage in sporting activities like snow skiing, golf or baseball.
- Operate personal watercraft or other high-risk recreational vehicles.
Unexpected dangers could be as close as your backyard. And any situation that could result in serious injury, long-term physical impairment, psychological damage or death could put your financial well-being at risk. Examples include:
- Serious auto accidents
- Backyard accidents (swimming pool, hot tub/spa, swing set, trampoline)
- A slander or libel suit
- Recreational pursuits like skiing, golf, boating or horseback riding
- Accidents on your rental property
For a minimal annual investment, you can add personal umbrella coverage to take over where your auto and homeowners coverage ends. Depending on the situation, annual premiums start as low as $200 for additional coverage ranging from $1 million-$5 million.The value of this coverage is extraordinary.
For more information about our Personal Umbrella Insurance policies and/or an application please contact CM&F Group at 1-800-397-3008, ext: 241 or via email aat "Contact Us".