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Orlando Florida Personal Umbrella Insurance

Personal umbrella insurance policies (PUP) provide coverage property and physical damages that occurred to or on your property. In other words, it provides protection from legal liabilities when your basic insurance is not enough.

Personal umbrella policies usually range in increments of $1 million and go as high as $5 million. This insurance will cover you even if you are facing high charges while visiting another country at the time.

Personal umbrella insurance policies cover:

  • Bodily injury liability
  • Property damage liability
  • Owners of rental units
  • Slander
  • Libel
  • Malicious prosecution
  • False arrest, detention or imprisonment
  • Mental anguish/ shock
  • Other personal liability situations

Determining the right amount of personal umbrella insurance varies for everyone. It is important to look at you assets, such as a house, car, yard, boat, and even pets. It is also important to take note of how many people have access to your properties.

Some family or personal events that can change the needs of liability protection are:

  • Large inheritance
  • Increase in income
  • You frequently take long weekend trips
  • Regularly driving groups of kids in a van
  • Entertaining groups of guests with alcohol
  • You commute to work due to a recent move
  • Inexperienced drivers behind the wheel of your car

A popular misconception is that having extra personal insurance is only for the rich and famous. However, this myth is untrue; personal umbrella insurance is for everyone and can be beneficial for everyone. When your standard insurance does not offer enough protection, an umbrella policy is there to cover the rest.

Want an example? Let’s say you get into an automobile accident, and your insurance covers $250,000.  However the lawsuit pending against you is over $1,000,000. If you have the right amount of umbrella insurance it can cover the extra 750,000 and attorney fees. Because your auto insurance and PUP cover the legal fees, you will not have to pay anything.

Having to deal with a lawsuit is a nightmare for everyone. Personal insurance can save you from potential disasters by covering the damages that were caused during the accident and attorney fees.

Contact us today for a free consultation and to talk with an agent to find out which PUP is best suited for you.