Personal Umbrella Insurance in Vermont

Personal umbrella insurance can provide broader coverage with higher limits and fewer restrictions, protecting you and your family.

Insurance Limitations

Every insurance policy has a coverage limit, which is the maximum amount the insurance company will pay for a given situation. While your local Vermont agent at T.S. Peck Insurance will work hard to help you determine a reasonable amount of liability insurance to carry for the most common risks, it is always possible that an accident or injury will exceed this amount. Insurance policies also exclude certain events, causing coverage gaps. While these situations may be rare, they are also typically financially devastating when they occur.

Personal Umbrella Insurance

Umbrella insurance can be invaluable when your Vermont homeowners or auto policy has reached its coverage limits. It will help to pay any excess legal fees, settlements, and medical costs, up to your umbrella policy, which is typically $1,000,000, but can be as high as $5,000,000.

Personal umbrella policies typically have fewer restrictions than your Vermont auto and home policies. This reduces coverage gaps, as it will pay out even in situations your other policies have excluded. With this broad coverage, you can be confident that your financial future will not be jeopardized by an accident.

Broad Protection at a Low Cost

Vermont personal umbrella insurance is very affordable, making it an ideal way to extend your coverage while staying within your budget. Rather than increasing your auto and home policy premiums, you may be able to add an umbrella policy at a low premium, effectively extending both your auto and home liability limits for less. Your umbrella policy should cover not only you, but also members of your household and pets. If your teenager causes a multi-car accident or your dog bites the neighbor, your umbrella policy may help provide protection against lawsuits and help pay for bodily injuries.