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Umbrella

Why do you need umbrella insurance?

Once the liability limits are exhausted on your home, auto or other underlying insurance policies, your umbrella policy takes over and provides another layer of liability protection should you be sued and found legally liable for causing injury to someone else or damaging their property. Because the average size of jury awards has increased dramatically in the last few years, umbrella insurance has become more important.

Here are a just few situations that demonstrate the need for this insurance.

• Your car slips out of gear and rolls into your neighbor's house.
• Your dog were to bite a neighbor's child.
• While on vacation, a rented boat you're driving hits two people in a canoe.
• A fire in your condo spreads to other units.

If any of these unfortunate accidents happened to you, there's a good chance that your current liability limits would not be enough to protect your assets or your future earnings.

Safeco's umbrella limits start at $1 million, and higher limits are also available. This insurance covers you and all members of your household anywhere in the world.

Your agent is an advisor

Your Independent Safeco Agent can offer advice on an umbrella policy that meets your specific needs. Here are a few things to discuss so your agent can help you choose coverage.:

• Discuss your financial status, lifestyle and current and future assets.
• Ask your agent to review the liability limits in your current policies.
• Ask about the insurance company's reputation for customer service and whether it is known for paying claims fairly and promptly.

Less than $1 a day

The best part of Umbrella insurance may be this—although your protection is substantially increased, the cost is very reasonable. The average cost is well under a dollar a day.