A personal umbrella policy provides extra liability coverage above and beyond the limits of your personal auto and homeowners policies. The policy is triggered if you are sued for damages in excess of your existing policy limits and extends to all 50 states. Types of actives with increased exposure to lawsuits include:
- Owning a swimming pool
- Horseback riding
- Boating & more
Without personal umbrella coverage, if you lose a lawsuit and do not have enough liability insurance, your assets could be taken from you. Your future earnings could also be at risk to satisfy a judgment against you. You can add personal umbrella coverage to pick up where your auto and homeowners coverages leave off to make sure you are fully covered.
Contact a Lake Michigan Insurance Agency representative to evaluate your level of risk and find out if personal umbrella coverage is right for you.
Call (616) 643-0623 or visit LMCU.org/Insurance today!