If you're like most Florida insurance shoppers, you're not sure exactly what umbrella coverage is or if you need it. We'll try to clear up those questions for you here.
As you shop for free Florida insurance quotes, you might come across information on umbrella policies. Umbrella insurance typically provides one million to ten million dollars of coverage to supplement your car, home, or boat insurance. An umbrella policy is intended for people who have a gap between the worth of their assets and their policy coverage limits. This extra protection will insulate your assets if you are ever involved in a liability lawsuit. Here is what an umbrella policy can do in a nutshell:
You might not think your personal worth amounts to much, but you'd be surprised. Especially if you are a homeowner, a substantial amount of your assets could be put in jeopardy if you are ever sued. Ask yourself the following questions to determine if you should consider free Florida insurance quotes on an umbrella policy:
If you answered "yes" to any of the questions above, you might need to consider an umbrella policy in more detail. Here are three steps you can take to determine if you should get free Florida insurance quotes on an umbrella policy: