Also known as “Excess Liability” FAQ
Q: Is Personal Umbrella Insurance just for the wealthy?
No, the coverage is designed to fill in the gaps of auto, home and other personal policies. It is for those who want to protect what they own, do not want to pay potential large legal fees. It provides piece of mind to everyone, regardless of financial condition.
Q: How difficult is it to coordinate all of my policies so that I am amply protected?
It is not difficult. Let your Sampson agent do the work! We will review all of your policies to ensure that you carry the required limits. In many cases the savings associated with higher deductibles can help fund an umbrella policy.
Q; How much does an Umbrella Policy cost?
Prices vary based on:
* the limit you choose,
* how many cars, homes, and boats you own,
* the existence of young drivers .
However, a “typical premium” for $1,000,000 is only $200 per year. (Keep in mind, you’ll spend a lot more defending a lawsuit!)