San Diego Personal Umbrella

Let’s face it, most of us have limited budgets when it comes to our San Diego insurance.  And most people feel insurance is an expensive item.  Generally, auto, homeowner’s, RV, and boat insurance policies cover liability for injuries or property damage suffered by a third party. Personal insurance policies are designed to cover accidents for which the insured person may owe tens or even hundreds of thousands of dollars. However, sometimes the person may be responsible for an accident so catastrophic that the damages are $1,000,000 or more.

Umbrella insurance coverage can be very affordable

What An Umbrella Policy Covers

An San Diego umbrella insurance policy covers excess of your primary homeowner’s insurance, auto insurance, and other primary policies. Here is an example. John Doe falls asleep while driving and hits a van with a family inside. The accident results in $600,000 of medical bills, but John Doe’s auto policy has a $500,000 limit. Fortunately, John Doe also has a $500,000 umbrella policy, and the additional $100,000 would be covered under the Umbrella.

When You May Need An Umbrella Policy

• Having rental property
• Owning a Boat, RV, or ATV
• Have a high net worth
• Owning a business
• Having teen drivers
• Own a swimming pool, trampoline, or swing-set

In addition, the umbrella may cover things like volunteer activities, statements made online, and certain business activities that a homeowner’s or auto policy might not cover.

Are you curious to know how you can save more by combining your auto and home insurance? (619) 276-0492. The Wayne McCormick Insurance team in San Diego is ready to serve you, and help you save up to 22% on your homeowners, condo or apartment building insurance

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