Personal Catastrophe Liability ( Umbrella) Insurance : MD, VA, DE, DC, WV, PA
What happens if the settlement following an accident or other claim far exceeds your insurance coverage?
Although high six-figure awards are still uncommon except in corporate lawsuits, they can happen. Personal catastrophe liability coverage (often called umbrella insurance coverage) is your answer.
Here at the Craig Mader Insurance Agency in Crofton, Maryland (Anne Arundel County), we want to be sure you have that extra protection and avoid such devastating loss.
Why Consider Personal Catastrophe Liability (Umbrella) Insurance?
An umbrella insurance policy offers personal catastrophe protection and additional liability insurance coverage that extends your financial protection beyond your homeowners, renters, condo and auto insurance coverages.
The amount of additional coverage is most commonly one million dollars, and some insurance companies offer higher amounts.
Although claims that exceed what a home or auto policy can provide are still uncommon, a single loss of this type can alter your future. With an umbrella liability insurance policy, your risk is in the severity of a claim, not the frequency.
What Does an Umbrella Policy Cover?
Personal catastrophe liability coverage protects you, your covered family members and your household pets against damages to another person or their property or belongings, whether on your premises or anywhere in the world.
This is a relatively inexpensive type of coverage, so why take the risk? The experienced representatives at the Craig Mader Insurance Agency, here in Crofton, MD, can take care of the details. So contact us to get the protection you need today.
The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it. This website is not intended to advise, offer or bind coverage. You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the Craig Mader Insurance Agency before making any decisions or choosing a course of action.