An umbrella insurance policy covers liability expenses that go beyond the limits of your existing homeowners, automotive, renters, watercraft, motorcycle and/or other personal insurance policies. Your homeowners, automotive, and other personal insurance policies have limits—a maximum they will pay on a single incident.

If you are sued or a claim a claim is settled against you for more than the maximum the insurance company allows, you are personally liable for the rest. An umbrella policy covers “the rest” of your personal liability up to the policy’s limits.

An umbrella policy is only used if you exceed the liability limits of coverage under your other personal insurance policies, so the premiums are usually very affordable. An umbrella insurance policy helps protect your assets from being seized or attached in the event you are held liable for paying a claim or lawsuit that exceeds the limits of your other insurance policies; a policy like this can also prevent a judgment against you that can eventually lead to a lien on your house or business.

Pettineo Insurance Agency Inc. provides personal umbrella insurance in Fort Lauderdale, Lauderdale-By-The-Sea, Pompano Beach, Oakland Park, Boca Raton, Deerfield Beach, Hollywood, Coral Springs, Plantation, Lighthouse Point, Parkland and all of Florida.