Umbrella Policy

An Umbrella policy is a way to protect the value of your current and future assets.  This coverage goes over and above the coverage afforded through your auto and homeowners insurance policies.  After the limits are reached through your auto or homeowners policies this coverage kicks in.  An Umbrella policy is pure liability coverage. 
Umbrella policies cover

• Bodily Injury sustained in a motor vehicle accident, on your property, utilizing your recreational vehicle or from your pet
• Excess Property damage caused by you
• Personal Injury - slander, libel, defamation, eviction, invasion of privacy or false imprisonment

To purchase this coverage you must carry your auto and homeowners insurance policies with the same insurance company and obtain the max coverage on your policies.  This coverage is more affordable than you may think....a policy can run as little as $150 year for a one million dollar umbrella policy. An umbrella policy will cover you, your spouse and all relatives living in your household. 
You should look into an umbrella policy if

• you currently own a significant amount of assets
• want to protect future assets
• are a well known wealthy member of the community
• are in a profession that exposes you to personal injury claims
• own a trampoline, pool, ATV, motorcycle, boat, snow mobile, golf cart, or jet skis
• invite house guests often
• have multiple young drivers in your household
• simply want peace of mind in our litigious society

Here is an example of how you could be at risk for judgments above and beyond your current coverage....
Your 17 year old son just got his license and decided to drive 3 friends to the mall.  On the way your son collided with another vehicle and the other driver and all 3 of his your son's passengers were injured.  They all sue you for a total amount of one million dollars.  Your auto policy carries 250,000/500,000 liability limits.  You also purchased a one million dollar umbrella policy.   The judgment is for one million dollars and you are covered.  Your auto policy will pay out $125,000 to each of the injured for a total of $500,000 and your umbrella policy will pay $125,000 to each of the injured.  Your umbrella policy covered $500,000 in which you would have had to pay out on your own, had you not been prepared.  So the minimal amount you paid in umbrella policy premium was well worth the cost.

Our experienced agents will sit down with you and go over your financial portfolio to determine the appropriate amount of coverage for you and get you the best rates.  Don't put your assets at risk, call Freedom Insurance Group today to protect you and your family from potential lawsuits tomorrow.