Are Personal Umbrellas Necessary?

Personal line umbrellas are not necessary from the perspective of law, lenders or insurance carriers when it comes to covering your home and auto. However, from the perspective of protecting your assets and future it does make a lot of sense.

Personal line umbrellas can be purchased usually from the carrier that currently insures your home and auto. Most surprisingly is the inexpensive cost to have a million dollars over your home and auto policies. Typically a million dollar personal lines umbrella can be purchased for $200 to $300. To have this extra coverage is fairly inexpensive for what you get.

When considering an insurance umbrella consult your agent concerning requirements or any other state specific laws or requirements. And as always be sure to call and get a few quotes.

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