An umbrella policy offers million dollar peace of mind

By Citizens Insurance

An umbrella insurance policy offers million dollar peace of mind
(Photo by Getty Images)

Click here or call (810) 653-2602 to request a quote to bundle umbrella Insurance with your home policy!


If you have a paycheck, then you should also have umbrella insurance. Yes. It is that simple. In our litigious society – where approximately 15 million civil lawsuits are filed annually – an umbrella policy kicks in where your homeowners and auto policies leave off, providing you with extra protection and peace of mind should the unexpected happen and a claim or lawsuit be filed against you.


If you are sued, an umbrella policy will help cover defense costs as well as the settlement, safeguarding your current and future assets.


"Many people think… I'm not wealthy enough to need an umbrella policy. But it is important that consumers consider all of their assets, including current and future wages, retirement savings, business income and college funds. If you are sued and do not have umbrella protection, in most states, these assets are all at risk." - Daniel Halsey, president of The Hanover's personal insurance division

How umbrella policies work


If your homeowners' insurance has a liability limit of $300,000, you may add an umbrella policy with an additional $1 million of coverage. That would give you a total of $1.3 million dollars of protection should someone be injured at your home. Similarly, an umbrella builds on the liability coverage your auto policy provides. If you are sued, your home or auto policy kicks in first and your umbrella policy covers the excess.


Home + auto + umbrella = total protection


For illustration purposes, here's an at-a-glance comparison of how auto, home, and umbrella insurance can work together to protect you – and how adding an umbrella to your coverage can best safeguard you and your family.

You can't afford not to have umbrella coverage


With policies of $1 million of coverage starting at as little as $20 a month, financial experts agree that an umbrella policy offers the best value for the dollars you spend on insurance to protect your family and assets. Additionally, raising the deductible on your homeowners' policy from $500 to $1000 typically reduces your homeowners premium enough to cover the cost of a $1 million umbrella policy.



Disclaimer: This article is provided for informational purposes only and does not provide any coverage. It does not purport to address every possible legal obligation, hazard, code violation, loss potential or exception to good practice.


Originally posted here


Other Industries and products we specialize in at The Fulcher Group:

Manufacturing Insurance

Automotive Manufacturing Insurance

Tool & Die Shop Insurance

Staffing Agency Insurance

Food and Agriculture Insurance

Freshwater Technology and Services Insurance

Non-Profit Insurance

Cannabis Facility Insurance

Investment Properties – Commercial landlord Insurance

Habitational/Hospitality Insurance

Medical Malpractice Insurance

Elementary and Secondary (K-12) School Insurance

Home Insurance

Condo Insurance

Renters Insurance

Motorcycle Insurance

Watercraft Insurance

Umbrella Insurance

Small Business Insurance

The Fulcher Group offers Homeowners, auto, and umbrella insurance in Davison, Burton, Flint, Fenton, Beecher, Flushing, Grand Blanc, Goodrich, Swartz Creek, Linden, Mount Morris, Clio, Argentine, Otisville, Lapeer, Genesee, Michigan, and surrounding areas.

329 N State Rd, Davison, MI 48423

(810) 653-2602

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