Personal Umbrella Insurance for Vermont Residents
You’ve protected your home, auto, watercraft, and recreational vehicles with comprehensive insurance policies – but is it enough? In today’s litigious society, many insurance experts are recommending that most consumers in Vermont and around the country invest in a personal umbrella insurance policy. No longer just for the wealthy, a personal umbrella policy extends your liability coverage far beyond the limits of other standard personal policies.
Many car insurance and homeowners insurance policies have a liability limit around $300,000. While this is enough for many situations, some accidents will far exceed this amount, leaving you responsible for the other costs out of pocket. If you are sued and ordered to pay $1 million or more, how will that affect your personal finances? With a Vermont umbrella policy, you can be covered up to $1 million or $5 million, depending on your specific policy.