Umbrella Insurance in Virginia

Why Do You Need an Umbrella Insurance Policy in Virginia?

Umbrella insurance is an umbrella of coverage over other primary insurance policies. It will raise your liability coverage on all your policies and can protect you from a few things that your current home and auto policies don’t cover. This includes false arrest, slander, and libel. The more you own, the more you are at risk for judgments and lawsuits. A way to make sure litigation doesn’t leave you responsible for any damages out of pocket is to have an umbrella policy to protect all assets.

For example, if your current auto insurance gives you $300,000 in liability coverage and you are found at fault for an accident where medical bills alone are $400,000, and then you are sued for an extra $100,000 in damages, you will have to come up with a way to pay $200,000. Umbrella insurance can make up the difference.

Getting Umbrella Insurance in Virginia

Insurers will usually sell umbrella insurance in $1 million increments. In order to get an accurate umbrella insurance quote in Louisa, VA, you need to be aware of your home’s value, your assets, your lifestyle, your pets, your children, your driving record, any investments, and your current liability limits. These are all things that could put you at risk for an accident and being sued. The more you have, the more you have to protect. Agents at The Pivotal Insurance Agency LLC will consider these factors when calculating an umbrella insurance quote to protect you and your family adequately. Remember that you will currently need to have minimum requirements for liability for your auto and home insurance. Many people do find that getting an umbrella policy is less expensive than upping the liability limits on current policies. Since umbrella insurance also covers some extra things that other policies don’t, it gives extra peace of mind.

Contact The Pivotal Insurance Agency LLC, serving Louisa, VA, to get a quote on umbrella insurance.