A personal umbrella insurance policy is crucial for individuals seeking additional protection beyond their standard insurance coverage. Here's why it's important and what it does:
Importance of Personal Umbrella Insurance:
- Enhanced Liability Coverage: Personal umbrella insurance extends liability coverage beyond the limits of your homeowners, renters, auto, or other primary insurance policies. This is especially important if you face a lawsuit that exceeds your primary policy limits.
- Comprehensive Protection: It provides broader coverage, including legal fees, court costs, and settlements or judgments that may arise from covered incidents. This includes personal injury claims such as libel, slander, or false arrest.
- Asset Protection: Helps safeguard your assets, including savings, investments, and future earnings, from being vulnerable in the event of a costly lawsuit or liability claim.
- Coverage for Various Situations: It covers a wide range of scenarios that may not be fully covered by standard policies, such as accidents on your property, serious auto accidents, or incidents involving recreational vehicles.
- Peace of Mind: Offers peace of mind knowing that you have an extra layer of financial protection against unexpected and potentially devastating events that could jeopardize your financial security.
What a Personal Umbrella Policy Does:
- Increases Coverage Limits: Provides additional liability coverage above the limits of your primary insurance policies. For instance, if your auto insurance has a liability limit of $500,000 and you have a $1 million umbrella policy, you would have up to $1.5 million in coverage for covered claims.
- Broader Coverage: Covers situations that may not be covered by primary policies, such as certain lawsuits or incidents involving higher liability amounts.
- Legal Defense Costs: Covers legal defense costs, which can be substantial even if you're not found liable.
- Global Coverage: Typically provides worldwide coverage, extending protection beyond your home country for personal liability incidents.
- Affordable Protection: Generally, umbrella insurance is cost-effective relative to the amount of additional coverage it provides, making it a valuable investment for individuals and families.
BearStar Insurance:
Raising Your Limits to Lower the Stakes
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They have always been responsive to our needs, whether it's adding a driver to our auto insurance, finding discounts to help us keep our premiums reasonable, bundling our auto and homeowner's, etc. They returns calls and emails quickly and knows their stuff. When we bought an RV on a holiday weekend we were able to get them on the phone and arrange for the required insurance before we drove off the dealer's lot. Excellent customer service!
Natalie T.
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Gino is a great agent. He's taken the time to help me adjust my policy when I moved and needed additional coverage. He came back with the right answers within hours. I trust him.
Jon C.
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I am thankful for the fine service that Gino and the firm has provided for me and my family. We have been customers for years now and he has never wavered as a source of support and information.
Jose C.
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I've appreciated my dealings with your office for a long time.
Lawrence E.
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I have been with Bearstar for seven years and never once had any problems. They always responded quickly and answered any questions I've had. They always advised me on what is the best coverages for my situation. I highly recommend Bearstar
J. R.
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Excellent service and competitive rates I use them for all of my family’s insurance needs. I would highly recommend them.
Lloyd K.
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I have been a client for years. I get personal service for the same rates I would get from the budget insurance companies out there where I would deal with a different person every time.
Kristian S.
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They handle all of my insurance needs. They respond quickly and make sure I have the right coverages in place. With them business insurance is one less thing I have to worry about, allowing me to focus on running my business
Fairmont Flooring
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Always there for us. A fantastic business partner. Highly recommended!
Junk King of Orange County
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They take care of all of my business insurance needs. They stay on top of questions, renewals and certificates all issues immediately. I couldn't recommend them any higher - the best!
M Scott
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