If you are a Florida resident, you probably have concerns about being sued for anything. In this world, everybody has those concerns. This is what umbrella insurance is for.
Umbrella insurance is a liability policy with a very high limit. You can have one for yourself, or for your business, but thousands of Florida residents purchase this peace of mind for personal purposes.
At Prestige Insurance Group, we want Miami, FL residents to have fewer liability concerns. Taking those concerns off of your mind is why you might need personal umbrella insurance in Florida.
What is a Personal Umbrella Insurance Policy?
A personal umbrella insurance policy is an insurance policy purchased by an individual for liability protection. In the event you get sued, or are defamed, or experience another personal legal grief, umbrella insurance can protect you.
Umbrella insurance is a liability policy with a high limit. Limits for umbrella insurance usually start at $1,000,000, but you can purchase as much as you wish.
Another thing umbrella insurance is used for is to cover some liabilities when your other coverages are capped out. If you are in a car accident or example, and your claim exceeds your auto insurance coverage limits, umbrella insurance can provide the remainder of the claim amount.
Legal Matters Commonly Covered by Umbrella Insurance
Umbrella insurance is often used in the event of lawsuits against you, or that you initiate. You might experience libel, slander, malicious prosecution, or false arrests.
We all think that it can’t happen to us, but then it does happen to someone. That’s what umbrella insurance is for. The trend today in America is to jump towards a lawsuit when something bad happens that can’t be resolved diplomatically. Umbrella insurance is there for you when you need it.
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When you are worried about potential liabilities in a litigious world, umbrella insurance is there. At Prestige Insurance Group, we want Miami, FL residents to feel protected against any potential liability. Call us today for a quote.