Umbrella Insurance Policies in Wilmington, NC and Throughout Coastal North Carolina
What is an Umbrella Policy?
An umbrella policy is extra liability insurance that you can purchase. It was created to help protect you from major claims and the result helps protect your assets and your future. It does this in providing additional coverage above the what of your homeowner, auto, and boat insurance policies could offer you.
How is it priced?
A $1 million policy will cost you between$150 and $200 a year. However, as it is with other insurance policies, prices/rates will vary by where you are, how much coverage you purchase, etc. You may find that the peace-of-mind is worth the extra $200 a year.
Why would you want one?
Extra coverage to cover your butt twice. Umbrella policies cover extra things that your homeowners, renters or boat insurance normally would not. Many people want an umbrella policy because they have children, a pool, yard toys, balcony, etc. and someone could sue you if they hurt themselves (or their child gets hurt) on something like that. You could get sued for more than what is in your checking account, for example, if someone sues you for falling in your house or if you hit them in a car or hurts themselves on your trampoline, they can sue you and go after your retirement, savings, investments, and/or future earnings.
(Umbrella not included)
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