Liability insurance limits determine the maximum amount an insurance company will pay for a covered claim. If the cost of a claim exceeds the liability limit of an insurance policy, the policyholder may be responsible for paying the remaining costs out of pocket.  

Umbrella insurance can help cover liability claims exceeding your other policies’ limits. Contact McCune & Reed Insurance today for a personalized umbrella insurance quote.  

What Is Umbrella Insurance? 
Personal umbrella insurance may help provide coverage beyond the limits of an individual’s homeowners, auto, and other personal insurance policies. It can help protect an individual’s assets, such as savings and investments, in case of a costly lawsuit. Personal umbrella insurance is generally affordable and can offer significant financial protection for individuals and families. 

Who Needs Umbrella Insurance? 
Umbrella insurance can benefit anyone who wants to protect their assets and future income from lawsuits. It is especially important for individuals with high net worth, valuable assets and at a high risk of being sued. Anyone who wants an extra layer of liability coverage beyond their existing insurance policies can benefit from umbrella insurance. 

What Does a Personal Umbrella Insurance Policy Cover? 
Personal umbrella insurance may help provide additional liability coverage for events such as bodily injury, property damage and personal injury claims (e.g., slander and libel). Personal umbrella insurance can also cover legal fees and defense costs associated with a covered claim. 

Your agent can help you understand exactly how personal umbrella insurance coverage may work with your existing policies.  

Contact Us 
Contact McCune & Reed Insurance in Ottumwa, Iowa, to learn more about how personal umbrella insurance can help protect your assets in the event of a liability claim.