Dollar for dollar, the umbrella policy may be one of your best buys.
Lawsuits are common, and juries are awarding larger amounts than ever. Homeowners, Auto, RV, Motorcycle, and Watercraft policies have a limit on liability insurance. If an unfortunate accident should happen where you are found at, do you have enough liability insurance from your current policies to cover your costs for negligence? Since no one can predict how much may be awarded to the injured person, umbrella insurance is not just for the wealthy anymore; it has become a necessary protection for every policyholder.
In order to qualify for coverage, you must maintain minimum liability limits (usually $300,000) on each of your underlying (home, auto, RV, motorcycle, watercraft, etc.) insurance policies. At Space Coast Insurance Agency, LLC, we have the ability to handle and service all of your underlying policies in conjunction with your umbrella policy, thereby eliminating the need to deal with several different companies and lowering the chances of having costly coverage gaps.