If you're like most Florida insurance shoppers, you're not sure exactly what this coverage is or if you need it. We'll try to clear up those questions for you here.
As you shop for pricing estimates, 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. This type of plan is intended for people who have a gap between the worth of their assets and their policy limits. This extra protection will insulate what you own if you are ever involved in a liability lawsuit. Here is what this type of 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 what you own could be put in jeopardy if you are ever sued. Ask yourself the following questions to determine if you should consider this type of plan:
If you answered "yes" to any of the questions above, you might need to consider this type of policy in more detail. Here are three steps you can take to determine if you should get free pricing information: