Umbrella liability is relatively affordable, can be easily coordinated with your existing insurance policies and by no means is it just for the well to do. Umbrella liability insurance acts like an “umbrella”, sitting on top of your auto and homeowners liability policies to provide extra protection. A few examples of when umbrella coverage often comes into play:

• An auto accident in which you’re sued under your auto insurance policy.
• Your neighbor slips and falls on your property, and youre sued under your homeowners insurance.

Although your auto and homeowners policies have at least some liability insurance that would be used to settle legal claims. But what if a settlement  is $800,000 and you only have $300,000 of liability insurance? The insurer would pay its $300,000, but where are you going to get the other $500,000? Virtually everything you own would be fair game to pay off the debt. This is when umbrella liability insurance comes into great use. For more information contact a Kimberley Vassal Insurance agent today at www.kimberleyvassal.com.