The Importance of a Personal Umbrella Policy and Why You Should have one

Distractions while driving can occur every day and seem to be all around us; these distractions can include text messages, phone calls, a quick meal on the road, all of which interrupts a driver’s attention. Have you ever stopped to think, “What would happen if a distracted driver caused a serious accident? Would their insurance be enough to cover all damages and injuries?” The answer to this question is more than likely “no.”

Obtaining additional coverage for accidents caused by uninsured or underinsured motorist has become crucial due to the rise in distracted driving. Excess Uninsured/Underinsured Motorist (UM) coverage is available as part of a Personal Umbrella Policy.  A Personal Umbrella policy provides protection from civil suits as a result of your actions. The Excess Underinsured Motorist coverage provides coverage for you and members of your household, if the other party is at fault and does not have enough liability coverage to pay for injuries and damages incurred. Uninsured/Underinsured Motorist coverage also provides coverage for you as a pedestrian or bicyclist.

Recent studies have shown that approximately 1 in 7 motorist is uninsured or carry the state auto required minimum policy limit. It is important to understand how the coverage will protect you and/or your family members if involved in an accident with such a motorist. We recommend that you speak to your insurance broker or agent about these options annually.

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