Progressive Umbrella Insurance: Protecting Your Assets
As an insurance agent, I’ve seen firsthand the devastating effects that accidents and lawsuits can have on people’s lives. That’s why I always recommend that my clients consider umbrella insurance as an additional layer of protection.
You’re driving home after a long day, humming along to your favorite song, when suddenly, a pedestrian steps out onto the road. You swerve, narrowly avoiding them, but end up hitting a parked luxury car. Now, you’re facing a personal injury claim from the pedestrian and a property damage claim for the car.
Your auto insurance covers some of it, but what about the rest? That’s where Progressive Umbrella Insurance comes into play. This coverage is particularly beneficial in cases of personal injury and property damage claims that could potentially drain your savings.
Umbrella Insurance Coverage
Umbrella insurance provides additional liability protection beyond what your home and auto insurance policies cover. It can help protect your assets in case of personal injury or property damage claims, and can even provide coverage for international incidents. With umbrella insurance, you can choose a liability limit that best protects your assets, up to $5 million.
Progressive umbrella insurance offers an extra layer of liability protection. This means that if you’re held responsible for causing damage or injury to others, your umbrella policy can help cover the costs once your standard insurance has reached its limit
Need for Umbrella Insurance
Determining if you need umbrella insurance depends on your net worth and liability limits. If you have significant assets, it’s important to protect them in case of costly accidents or lawsuits. Umbrella insurance can provide that protection and give you peace of mind. Not everyone needs umbrella insurance. But if you have significant assets or are at risk of facing costly lawsuits, it’s worth considering
Whether it’s a personal injury claim from a pedestrian or a property damage claim for a luxury car, Progressive umbrella insurance has got you covered. It steps in when the costs exceed your standard insurance coverage
Other Insurance Options
In addition to umbrella insurance, there are other insurance options to consider, such as vehicle insurance, property insurance, personal insurance, and business insurance. It’s important to have the right coverage for your specific needs.
Personal Liability Insurance
Personal liability insurance is an important consideration when determining your insurance needs. Understanding personal liability coverage and the coverage limits based on your net worth can help you make informed decisions about your insurance coverage. Umbrella insurance can also be an extension of your personal liability coverage
Standalone Umbrella Insurance
Standalone umbrella insurance is a liability policy that provides coverage in addition to homeowners and vehicle liability coverage. It can protect your assets from personal injury claims and defense costs. It’s important to consider standalone umbrella insurance if you have significant assets to protect.
Progressive Umbrella Policy Coverage
Progressive’s personal umbrella insurance provides coverage for injuries, property damage, lawsuits, and personal liability situations. It can exceed your home and auto insurance coverage, providing you with added protection and peace of mind. With Progressive, umbrella insurance isn’t just for the wealthy. It’s an affordable way to protect your assets from the costs of legal actions and large judgments
In conclusion, umbrella insurance is an important consideration for anyone with significant assets to protect. It provides an additional layer of liability protection beyond what your home and auto insurance policies cover. With Progressive’s personal umbrella insurance, you can choose a liability limit that best protects your assets, up to $5 million. Don’t wait until it’s too late to protect your assets. Contact your insurance agent today to discuss your umbrella insurance options.