Above and Beyond Insurance Protection – Umbrella Insurance in Alaska
Think of a personal umbrella policy as your last line of defense, extra protection for your assets and your future, layered on top of your existing coverage.
It kicks in once your auto, home, or other personal policy limits are exhausted, protecting not just what you have now but what you'll earn in the future. Nobody's immune to a lawsuit, and in today's climate, a claim that outpaces your existing coverage is a real possibility. Ask your agent about adding a personal umbrella policy.
Nearly every state holds drivers financially responsible for bodily injury, property damage, and lost income resulting from a motor vehicle accident.
Homeowners face similar exposure. A guest who's overserved at your party, a slip-and-fall on your sidewalk, or a dog bite, any of these could leave you liable for medical bills, rehab, and lost wages.
Talk to your agent if any of the following apply to you:
- Conduct business activities from your home
- If you're in the farming business
- If you own other vehicles such as boats, motorcycles or RVs
- If you own other vehicles, property or aircraft that may be covered on another insurance policy
There's no shortage of reasons to consider an umbrella policy, if you have questions, give us a call.
Broader Coverage
An umbrella policy can also step in for claims your other personal policies simply don't cover. Talk to a qualified Alaska Service Agency agent about adding one today.
Looking for a Commercial Umbrella Insurance? We have those too!
Frequently Asked Questions about Personal Umbrella Insurance
Who needs a personal umbrella insurance policy?
Anyone who wants additional liability coverage for their home, auto, boat or rental insurance property should get an umbrella insurance policy. Umbrella insurance gives you above and beyond insurance protection.
What are the limits available for umbrella insurance?
Typically umbrella insurance policies are available in $1 million – $3 million. While uncommon, higher coverages can be found.
In what situation would an umbrella policy come in handy?
There are countless situations where umbrella insurance would come in handy. Here is one example:
You get into a car accident where you are at fault. Your insurance policy covers you for $500,000 in 3rd party damages. However, the other individuals in the car accident needed medical attention and future treatment for rehabilitation. On top of that, their car was totaled. The total damages for the other party are more than $650,000.
You are responsible for the remaining $150,000 that your $500,000 insurance policy did not cover. If you have an umbrella insurance policy, it would then kick in to cover this excess liability. If you do not have an umbrella policy, would you be able to foot the bill? If you cannot pay for the remaining balance, a court may issue your future wages to be garnished.
