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Personal Umbrella Insurance in Huntington Beach CA, Long Beach CA & Los Angeles CA

What Is Personal Umbrella Insurance?

A personal umbrella policy is designed to help cover third-party claims that exceed the limits of your standard insurance policies, acting as an additional layer of protection for your assets and future earnings. For detailed information and to receive a personal umbrella quote, contact INM Insurance Services, Inc. in Huntington Beach, California.

What Does Personal Umbrella Insurance Cover?

A personal umbrella policy kicks in only after the underlying policy limits are exhausted. It’s designed to provide an additional safety net, helping to protect you from out-of-pocket expenses in significant liability cases.

This type of insurance typically extends to:

  • Bodily injury may help cover costs related to injuries to others for which you are held responsible.
  • Property damage may help cover damages to another person’s property.
  • Legal fees may help cover legal defense costs in the case of a lawsuit.
  • Other personal liability situations may help cover claims of slander, libel, false arrest, mental anguish and more.

How Much Umbrella Insurance Do I Need?

Determining the right amount of umbrella insurance depends on several factors, including your personal risk, your assets’ value and future income potential. Considerations include:

  • Your assets—The more you have to lose, the more coverage you might need to protect yourself.
  • Your potential risk of being sued—Certain activities, like owning a pool or having a teenage driver, can increase this risk.
  • Your future income—Umbrella insurance can help protect your future earnings from being garnished in a lawsuit.

As a general guideline, the amount of coverage should equal your net worth. However, since every situation is unique, consulting with an INM Insurance Services, Inc. professional can provide clarity and help tailor a policy to meet your needs.

Contact Us

Protecting yourself against significant financial loss is essential in managing your personal risk. Contact INM Insurance Services, Inc. for a personalized umbrella insurance quote.