A personal umbrella insurance policy may shield you from substantial losses should you face an expensive liability that goes beyond the limits of your existing policies. If you’re looking for a great way to protect your assets after a liability claim, Transworld Insurance Group Inc. is here to help.

What Is It and What Does It Cover?

Personal umbrella insurance may offer extra liability coverage once the limits of your current insurance policies have been exhausted, such as home or auto. It may help in lowering the financial effects of claims and related lawsuits. It may cover you, your spouse, your dependents living with you, or any person included in the policy.

Before you purchase a personal umbrella policy, insurers may require that you already have a certain amount of liability coverage in your underlying insurance policies. While coverage may vary depending on your personal circumstances, a standard umbrella policy may offer the following:

• Bodily injury coverage may cover the medical expenses, funeral costs and lost income of a third party who got injured or died in an accident for which you’re responsible.

• Property damage coverage may cover damage caused to another person’s property.

• Personal injury coverage may help pay for your legal costs and other expenses if you get sued for alleged libel, slander or defamation.

How Much Does a Policy Cost?

Several factors may affect how your premiums are calculated. These include:

• Location

• Claims history

• Amount of assets (e.g., properties, vehicles, motorcycles, boats, etc.)

How Much Coverage Do I Need?

The amount of personal umbrella coverage that you need may depend on your income, net worth and possible risks. It’s recommended that you purchase coverage that will be sufficient to cover your assets, liabilities and potential future earnings.

Get Covered Today

Contact Transworld Insurance Group Inc today to learn more about your coverage options or request a quote.