Umbrella Insurance in North Carolina, South Carolina, & Virginia
Kempton Insurance Group’s Umbrella Insurance
Your everyday activities can put you at risk for a lawsuit. You might think that the liability coverage provided by your homeowner’s insurance or business owner’s policy (BOP) provides enough. Still, you probably need an umbrella insurance policy, also known as a personal excess liability policy.
Many careers, hobbies, and athletic pursuits can open you to liability beyond the coverage of home and BOP policies. These include:
- Coaching children’s or youth sports.
- Athletics or sports participation that could easily result in injury to others, such as hunting, skiing, surfing, etc.
- Being a landlord.
- Serving on a non-profit’s board of directors.
- Regularly reviewing businesses or products.
Kempton Insurance Group wants you to understand how umbrella insurance can help you protect yourself in today’s litigious society. In North Carolina, South Carolina, and/or Virginia, umbrella insurance provides secondary liability coverage that insures you beyond that of your personal liability home and BOP policy. Umbrella insurance can cover multiple automobiles, utility vehicles, RVs, and properties. To obtain an umbrella policy, you must already have a home or BOP policy. These policies provide an inexpensive way to protect yourself.
How It Works
You will not make a claim on your umbrella insurance unless you exceed the liability on your home or BOP policy. When your personal insurance policy liability limit is exceeded, your umbrella policy pays the difference, so you do not have to pay out-of-pocket. It covers the award or settlement from litigation due to property damage or injury and its associated legal costs.
Without umbrella insurance, you might need to pay the litigation costs using your retirement fund, your investments, your savings, or you might have to sell your property or take out a loan. Contact the Kempton Insurance Group today to learn how to protect yourself with an umbrella policy and set up the policy you need.