In today’s world, lawsuits are more common than ever—and they’re not just for the rich and famous. One serious accident or unexpected incident can put your savings, home, and future earnings at risk. That’s where a $1 million umbrella policy comes in. At Eugene C. Yates Insurance Agency, we believe protecting your lifestyle shouldn’t break the bank. Let’s break down exactly what this coverage is, and why it might be the smartest insurance decision you make.
🛡️ What Is Umbrella Insurance?
Think of umbrella insurance as an extra layer of protection that kicks in after your auto, homeowners, or renters insurance limits have been maxed out. It’s designed to protect you when things go seriously wrong—and lawsuits start flying.
✅ What Does a $1 Million Umbrella Policy Cover?
1. Bodily Injury Liability
Covers medical costs and legal expenses if you’re responsible for someone getting injured.
- You cause a major car accident and the hospital bills pile up.
- A guest trips on your front porch and needs surgery.
- Your dog bites the neighbor.
2. Property Damage Liability
Covers the cost of damage to someone else’s property.
- You cause a five-car pileup and your auto policy limit isn’t enough.
- Your child accidentally ruins a friend’s expensive electronics.
3. Legal Defense Costs
Even if a lawsuit is unfounded, you still need to show up to court—and that’s not cheap. Umbrella coverage helps pay for attorney fees, court costs, and settlements.
4. Personal Liability Situations
Covers personal situations that traditional policies often don’t.
- Accusations of libel or slander (yes, even on social media).
- Wrongful eviction claims (if you’re a landlord).
- False arrest or malicious prosecution.
5. Worldwide Coverage
Many umbrella policies provide protection even outside the U.S., making it ideal for frequent travelers.
🚫 What It Doesn’t Cover:
- Damage to your own property
- Your personal injuries
- Business-related claims (unless specifically added)
- Intentional or criminal actions
💡 Why Should I Get an Umbrella Policy?
A million dollars might sound like overkill—but legal and medical costs can skyrocket fast. With policies often starting around $150–$300 per year, it’s one of the most affordable ways to get serious peace of mind.
If you own a home, have savings, drive frequently, or have a teen driver—you’re a prime candidate for umbrella insurance. At Eugene C. Yates Insurance Agency, we work with the top insurance carriers to tailor coverage to your unique needs.
👋 Ready to Protect What Matters?
Whether you’re new to umbrella insurance or want a fresh quote, we’re here to help. Let us review your current coverage and show you how easy it is to add an umbrella policy to your plan. After all, life’s unpredictable—but your protection doesn’t have to be.
📞 Call us today or get a free quote online.
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