You know how much I love insurance – especially when it comes to reading all the fine print in policies.  Bet you didn’t know that some of the fine print can be summed up into 4 words – don’t forget your umbrella!  And I’m not talking about the weather.

Your homeowners and automobile insurance policies have specific limits of liability.  If you’re involved in a lawsuit, these liability limits might not be enough coverage to protect your assets.  This is where not forgetting your umbrella comes in.  For a very reasonable premium (considering the amount of coverage), you can purchase an umbrella, also known as a personal excess liability policy.  Coverage is provided in $1,000,000 increments.

I ran across these examples, provided by ACE Private Risk Services.  An auto policy or homeowners policy with a $500,000 liability limit will barely cover the legal fees for some of these cases, let alone the multi-million dollar settlements. 

I’m sure you’re really curious about just how much it would cost to have $5,000,000 in excess liability coverage.  So to help you out, I created a handy “get a quote” form for you to complete and submit.  And if the quote doesn’t convince you what a good deal you’re getting with this coverage, consider that this geek sleeps much better at night knowing I have a personal excess liability policy.