Additional Coverage Beyond Standard Policies

PERSONAL UMBRELLA INSURANCE

Personal Umbrella Insurance is additional insurance coverage beyond a standard insurance policy. It is designed for individuals and families wishing to protect themselves with another layer of security. Ferrari & Associates’ expertise in Personal Umbrella Insurance places our team in a unique position to understand its benefits, coverage and how it serves as an important financial safety net for those who have it.

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Protection Against the Unpredictable

Life is unpredictable and Personal Umbrella Insurance offers added protection for various incidents that could have a significant financial impact on you and your family. This could include:

Bodily injury liability which could cover the cost of damages to another person's body.
Property damage liability could cover the cost of damages or loss to another's property.
Certain lawsuits like defamation, libel, slander, false arrest and invasion of privacy.

Why Some People Need Personal Umbrella Insurance

Personal Umbrella Insurance provides additional coverage, and is especially pertinent for certain individuals and families. PUI is best suited for individuals or families who:

Own substantial property, assets or who’s savings could be at risk in a lawsuit.
Have potential exposure claims exceeding standard insurance policy limits, such as homeowners with a pool, trampoline, or certain breeds of dogs, for example.
Frequently host guests at their home where accidents could occur.
Engage in activities that could lead to liability claims, such as coaching youth sports, volunteering, or participating in boards.
Own properties or valuable possessions, such as luxury vehicles and collector cars, boats, yachts or other types of watercraft, recreational vehicles, art and antiques, equipment, that could lead to significant liability charges in case of damage or accidents.

Why Some People Need Personal Umbrella Insurance

Personal Umbrella Insurance provides additional coverage, and is especially pertinent for certain individuals and families. PUI is best suited for individuals or families who:

Own substantial property, assets or who’s savings could be at risk in a lawsuit.
Have potential exposure claims exceeding standard insurance policy limits, such as homeowners with a pool, trampoline, or certain breeds of dogs, for example.
Frequently host guests at their home where accidents could occur.
Engage in activities that could lead to liability claims, such as coaching youth sports, volunteering, or participating in boards.
Own properties or valuable possessions, such as luxury vehicles and collector cars, boats, yachts or other types of watercraft, recreational vehicles, art and antiques, equipment, that could lead to significant liability charges in case of damage or accidents.

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Real World Examples of Personal Umbrella Insurance

World class service because you demand more than just coverage

Imagine you're involved in a car accident where the other party suffers significant injuries. Your auto insurance covers up to a certain limit, but the medical costs exceed this amount. Personal Umbrella Insurance would cover the remaining costs, preventing financial strain on your assets.

Or consider a scenario where someone is injured on your property and decides to sue. Legal fees can quickly escalate, and without adequate coverage, your financial security could be at risk. Personal Umbrella Insurance helps ensure that your savings, home, and future earnings are not jeopardized by covering costs that surpass your standard policies.

Whether you own property, have significant savings, or simply want the peace of mind knowing you have an additional safety net, this insurance is worth considering.

Reaching Out

If you are ready to discuss how Personal Umbrella Insurance can serve as a crucial component of your and your family’s security strategy, complete our form by clicking on the Insurance Quote button above. Let’s explore how we can tailor a policy that aligns with your lifestyle and provides the coverage you truly need.

*The information provided on this page is for information purposes only and should not be taken as insurance advice. For actual insurance advice, please contact Ferrari & Associates at 1-888-467-8989

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