Umbrella Insurance Policy

Ever wonder what would happen if you were to be held liable for a bodily injury claim that may not be covered under your homeowners insurance policy or exceed your policy’s liability coverage?  Well, if you don’t have an umbrella insurance policy you could be in hot water.  Liability claims can go after your assets, both liquid and illiquid, as well as your future income.

An umbrella policy’s purpose is to provide additional coverage beyond your typical homeowners or basic liability policy in order to protect your assets in the event of a claim against you.  This policy can be used to pay reparations or help pay legal fees even if you are found not liable for the claim.  As is the case for all insurance policies, your premium varies based on the amount of coverage.  The amount of coverage you choose to insure should be based on the amount of risk you encounter, the value of your assets, and the potential loss of future income.

More information on Umbrella Insurance Policies is available on TrustedChoice.com, but feel free to contact Mappus Insurance Agency at 843.763.4200 with any questions you may have.  We would love to review your current policy or quote a new policy for you!