Umbrella home insurance exists to fill the gaps left behind by standard home insurance policies.
Online PR News – 27-August-2009 – – Chicago (InsuranceAgents.com) – In today’s sue-happy society, you can never have enough liability coverage with your homeowners insurance. That is why there is umbrella home insurance. Oftentimes, your standard homeowners insurance policy just doesn’t cut it in the realm of liability coverage. According to an article recently published on InsuranceAgents.com, umbrella home insurance exists to fill the gaps left behind by standard home insurance policies.
The article, titled ‘Do You Need Umbrella Home Insurance’ states, “An umbrella home insurance policy provides peace of mind to homeowners who need financial protection against liability claims that can exceed their current homeowners liability coverage.”
In short, umbrella home insurance provides extra financial protection for homeowners concerned about the limitations of their current policy. It is recommended that you have at least $1 million in liability coverage. That might seem like a lot but damage repair costs, medical bills, and legal costs all add up and can very easily exceed that number.
Some umbrella home insurance policies offer up to $5 million in extra liability protection. This kind of policy can also prevent your assets from being seized and a lien placed on your home.
Just like with any other kind of insurance, it is important that you do the necessary research before purchasing. Talk to your home insurance agent about whether or not umbrella home insurance is right for you. If you are strongly considering purchasing this supplemental coverage policy then take the next step and compare homeowners insurance quotes online to find the most reasonably priced rates.