Umbrella Insurance in Raleigh, NC

Umbrella insurance offers an added layer of financial protection for both your assets and yourself following liability situations. While your existing auto, home and other liability policies offer coverage up to certain limits, an umbrella policy can step in when those limits are exceeded. Whether it’s a significant car accident, a slip-and-fall incident on your property or a lawsuit, umbrella insurance may help protect you from financial catastrophe.

How Much Umbrella Insurance Do I Need?

The following guidelines can help you decide how much umbrella insurance you need:

• Assess your assets. Add up the value of your property, savings and investment accounts. This can give you an estimate of your net worth.
• Evaluate existing coverage. Review the liability insurance limits in your current policies (such as auto and home insurance). Calculate the difference between your net worth and the existing coverage.
• Consult with an insurance provider. An experienced insurance provider can make coverage recommendations based on your finances and potential risks.

Why Do You Need a Personal Umbrella Insurance Policy?

A personal umbrella insurance policy can offer additional liability coverage beyond your existing policies, such as auto and home insurance. Insurance can offer financial protection in the event of lawsuits, bodily injury or property damage. Having an umbrella policy can be essential to help safeguard your assets and financial well-being.

How Much Does Personal Umbrella Insurance Cost?

The following factors determine the cost of personal umbrella insurance:

• Coverage limits
• Underlying insurance policies
• Personal risk factors
• Number of properties and vehicles
• Deductible amount

By taking into account these factors and having a conversation about your coverage requirements with an insurance agent or broker, you can gain a better understanding of the cost of personal umbrella insurance. This information can help you find an affordable policy that offers adequate coverage based on your specific situation. Contact Nobles Insurance to discuss personal umbrella insurance and obtain a quote for your specific circumstances.