Why You Need a Personal Umbrella Policy in 2024: Protect Your Assets and Future

Why You Need a Personal Umbrella Policy in 2024: Protect Your Assets and Future

As an insurance provider in New Jersey, we understand the importance of safeguarding what matters most to you. In today’s unpredictable world, a Personal Umbrella Policy is more essential than ever.

What Is a Personal Umbrella Policy?

A Personal Umbrella Policy offers additional liability coverage beyond the limits of your standard homeowners, renters, auto, or watercraft insurance policies. It acts as a financial safety net, protecting your assets and future earnings if you’re held responsible for damages exceeding your primary insurance limits.

Do You Need It?

Absolutely. Accidents happen when we least expect them, and lawsuits can arise from even the most ordinary situations. Even if you’re not at fault, a Personal Umbrella Policy can cover defense costs.

Here’s Just One of Many Examples:

Imagine this scenario: During a holiday gathering at your New Jersey home in 2024, a guest slips on a wet floor and strikes their head on the counter. Recovery includes a long hospital stay and rehabilitation. Your homeowners policy maxes out at $300,000, but the guest’s medical expenses and damages total $2.5 million. Without a Personal Umbrella Policy, you could face financial ruin, including the loss of your home and future earnings.

We Strongly Urge All Customers to Consider Purchasing the Highest Level of Limits Available

A Personal Umbrella Policy is an affordable way to increase your personal liability protection. Protect your future today.