Tennessee Personal Umbrella Policies
Add an extra layer of security with a personal umbrella policy
At Farm Bureau Insurance of Tennessee, we understand that life can be unpredictable. While you may have taken steps to safeguard your home, car, and other assets, there's always the possibility of unforeseen events that could lead to unexpected liabilities. That's where a Personal Umbrella Policy comes into play – providing an extra layer of protection and peace of mind for you and your loved ones.
Tennessee Personal Umbrella Policies
Add an extra layer of security with a personal umbrella policy
At Farm Bureau Insurance of Tennessee, we understand that life can be unpredictable. While you may have taken steps to safeguard your home, car, and other assets, there's always the possibility of unforeseen events that could lead to unexpected liabilities. That's where a Personal Umbrella Policy comes into play – providing an extra layer of protection and peace of mind for you and your loved ones.
How does personal umbrella insurance work?
Personal umbrella insurance does not replace your primary insurance policies but rather provides extra coverage. It acts as a safety net, ensuring you have sufficient protection in case of unexpected events or high-value liability claims. For example, if you cause a severe car accident resulting in multiple injuries and property damage, the liability limits of your auto insurance may be exhausted. In such cases, your personal umbrella policy can step in to cover the remaining costs.
Additional Liability Coverage
What’s covered?
Personal umbrella insurance can offer additional liability coverage beyond the limits of your primary policies, such as for property damage liability and bodily injury liability. It helps protect you from the potentially devastating costs of large lawsuits that exceed the limits of your primary policy.
Why do I need this?
Accidents happen, and when they do, the financial aftermath can be overwhelming. Personal umbrella policies ensure that you have the financial support to handle medical bills and legal expenses if you're held responsible for causing harm to others. This coverage is crucial in safeguarding your assets and future earnings.
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Common questions about personal umbrella policies
Is it worth having an umbrella policy?
Ultimately, this will depend on your individual risk tolerance. Having an umbrella policy is often worth it for individuals with significant assets, as it provides additional liability coverage beyond primary insurance limits, offering crucial protection in case of major claims.
How much umbrella insurance do I need?
The amount of umbrella insurance needed depends on factors such as the value of your assets and potential liability risks. Talk to your local agent today to determine what would benefit you most.
