What is Umbrella Insurance and do you need it?


For 100 years our motto at Cushman Insurance has been Live More, Worry Less — and we mean it, we want you to enjoy life to the fullest! But let’s be real, accidents do and will always happen. That’s where we come in. For an extra peace of mind, our agents will often suggest adding an umbrella insurance policy.


What’s Umbrella Insurance?

An umbrella insurance policy is an extra layer of liability coverage that protects you beyond the limits of your home or auto insurance policies. This type of liability coverage fills in the gap that is left when you have hit the policy limits of your auto or home insurance.


Here are a few reasons why you should consider Umbrella Insurance:


You frequently entertain in your home

Having a party is all a lot of fun, but remember — it’s also a huge responsibility. As a host, it is your job to keep your guests safe from the moment they arrive to the second they get home. Whether they were to slip in your driveway and hurt their arm or get in to a car accident after drinking too much, you would be responsible and could be sued.


You have a pet

As lovable as our furry friends are, animals can be very unpredictable. According to a study from the Center For Disease Control (CDC), approximately 4.5 million dog bites occur in the United States each year, and 800,000 of those bites result in the need for medical care. An umbrella policy would help you finance medical costs if you were to be sued.


You have a pool or trampoline in your yard

If you have a pool or a trampoline, we can bet that your house is a popular spot in the summer, especially with the neighborhood kids! However, with the amount of fun comes an equal amount of risk. If someone were to get injured in your yard, again – you would be responsible.


You drive daily

Even if you just drive around your town, you are participating regularly in a high-liability activity, which increases your risk of getting into a car accident each day. In the event of an accident that results in unexpected damages or bodily injury that leads to a lawsuit, with an umbrella policy your assets will be protected and your policy will cover costs exceeding your standard policy that you’re found legally responsible for.


Umbrella policy coverage options range from $1 million to $5 million, or even higher if it makes sense for you financially, so it’s beneficial to work with a knowledgeable professional like Cushman Insurance to help you determine what level of coverage is right for you, your level of risk, and your budget. Contact us today to learn more.



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