Do I need Umbrella Insurance?

| December 30, 2017
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What happens if you're held responsible for an accident and the liability costs exceed the limits of your auto or home insurance policy? You have to find the rest yourself and that could mean a lien on your home, the loss of other assets, or even your wages being garnished.
As liability and lawsuit costs rise, standard policy limits -- usually around the $300,000 mark -- will be less likely to cover them all.
Fortunately, there's a low-cost solution: Umbrella Insurance, which adds to those limits and keeps your assets out of others' hands. For around $20 a month, you can add another million dollars to those limits. For a few dollars more, you can up coverage to $5 million. If you'd like to know more about Umbrella Insurance, please contact us here at Joyce, Jackman & Bell Insurors.  

Adria Gaughan is a licensed insurance agent for Joyce, Jackman & Bell Insurors.  She manages both personal and commercial insurance accounts.

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