Umbrella Insurance Provides Extra Security

What Is Georgia Umbrella Insurance?

An umbrella insurance policy increases the liability coverage you have on your home, auto, ATV, or any other insurance you carry that gives liability protection. If you are cause a motor vehicle accident and the costs exceed the liability coverage included in your auto insurance, your umbrella insurance policy will kick in so that you are not left with excessive out-of-pocket liability expenses.

Many financial advisors recommend that you have as much liability insurance as you can afford. Umbrella insurance is an affordable way to supplement your current policies while protecting you from the possibility of financial ruin or bankruptcy.

How Much Liability Coverage Do You Have?

Georgia’s state minimum auto liability coverage is $25,000 per injured person, up to $50,000 total and $25,000 in property damage coverage. Renters, condo and homeowners insurance providers normally allow you to purchase between $100,000 and $500,000 in liability coverage. Other insurable possessions you have, like boats or ATVs, also frequently have liability insurance limits. By purchasing an umbrella insurance policy, you can significantly raise your liability coverage limits on all your insurance policies.