Home > Uncategorized > Let’s Talk Insurance – A Policy For a Rainy Day

Let’s Talk Insurance – A Policy For a Rainy Day

This week, Tom & Matt discussed the topic of a personal umbrella policy. This type of policy is meant as an “excess liability” policy meaning that it takes over AFTER the underlying liability coverage (from a home/car/motorcycle policy) has been exhausted.

Limits for a personal umbrella policy start out at $1 million and often go up to $5 million typically. There are policies out there that will offer limits higher than that, but of course the premium is much more.

There are eligibility requirements in order to get a personal umbrella policy, as well as limitations & exclusions. We highly recommend finding a hometown insurance agent to see how a personal umbrella policy fits into your family’s coverage plan. Don’t have one and live in the great state of Michigan? Visit us at www.hollandshometownagency.com to find out more about us or call for a quote!

Until next week!

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