Personal Umbrella Insurance in Columbus, Coshocton, Newark, Zanesville, OH
While standard insurance policies offer essential liability coverage, there may be times when those limits fall short. Personal umbrella insurance can provide additional liability coverage if a claim exceeds the limits of your underlying coverage.
What Is Personal Umbrella Insurance? 
If you’re faced with a potentially costly third-party claim or lawsuit, your underlying policy provides coverage only up to its limits. In this case, your personal umbrella policy can help cover additional costs, including legal fees, medical expenses and settlements.
How Does It Work?
Let’s say you have a homeowners policy with a $100,000 property damage liability limit. While cutting down a tree on your property, the top half fell onto your neighbor’s roof, causing $150,000 in damage. Your existing homeowners policy covers $100,000, while your personal umbrella policy can cover the remaining $50,000.
Who Can Benefit from This Policy?
Umbrella coverage is recommended for anyone who wants to protect their assets and future earnings from large liability claims. This coverage may be essential for:
- Those who own high-value items like fine art, jewelry or sculptures
- Families with young drivers and pets
- Boat or recreational vehicle owners
- Individuals with significant savings or properties
How Much Does a Policy Cost?
The following factors can affect personal umbrella insurance premiums:
- Location
- Claims histories
- Driving history
- Credit history
- Assets (e.g., properties, vehicles, motorcycles, boats, etc.)
Why Choose Boyer Insurance LLC?
Our team is committed to finding you appropriate personal umbrella insurance coverage by reviewing your current limits, assessing your risks and considering your budget. Contact us today for a personalized, no-obligation quote.