28 May Summer Safety: Why You Need Umbrella Insurance

About The Author

Ashley Dunlap, TPRA – Personal Risk Advisor 

As a Personal Risk Advisor, Ashley specializes in client service, generating new business opportunities while delivering personalized solutions to address our clients’ multifaceted challenges. 

As the summer season heats up, it’s important to ensure that you and your loved ones are properly protected against the unexpected. While standard home, condo, or car insurance policies offer valuable coverage, they may not always provide enough financial protection in the event of a lawsuit. In such situations, a valuable asset to consider is umbrella insurance coverage. 

What is Umbrella Insurance? 

A personal umbrella policy provides additional liability coverage beyond the limits of your primary insurance policies. It acts as an extra layer of financial protection, kicking in when the limits of your existing policies have been exhausted. This coverage can be particularly helpful in the event of a costly injury or property damage lawsuit.

The Importance of Summer Umbrella Insurance

• Increased Liability Risks: Summer activities can sometimes lead to accidents and liabilities. Whether you’re hosting pool parties, enjoying backyard gatherings around a fire pit, or participating in recreational sports, there’s always the potential for someone to get injured or property to be damaged. Umbrella insurance offers added peace of mind knowing that you’re protected against these unforeseen risks.

• Comprehensive Coverage: Most umbrella policies cover a wide range of liabilities, including legal fees, false arrest, libel, and slander. This comprehensive coverage ensures that you’re protected in various situations, giving you the confidence to enjoy summer activities without worrying about potential financial repercussions.

• Risky Summer Hobbies: Some summer activities and hobbies pose higher risks than others. If you own a swimming pool, hot tub, or fire pit in your backyard, or if you enjoy recreational activities like boating, jet skiing, ATV riding, or motorcycling, an umbrella policy is a must-have. Additionally, if you travel frequently in an RV or camper, umbrella insurance can provide added peace of mind on the road.

• Additional Considerations: Umbrella insurance isn’t just for summer activities; it’s also essential for other situations that may increase your liability risk. If you own a dog, have a teenage driver in your household, employ a mother’s helper or nanny, or have built up significant savings, an umbrella policy can help protect your assets in the event of a lawsuit.

As you enjoy the summer season and all that it has to offer, don’t forget to prioritize your financial protection with umbrella personal insurance. Whether you plan to host backyard barbecues, travel in your RV, or just relax by the pool, umbrella insurance provides the added peace of mind you need to enjoy the summer with confidence. Stay protected and have a worry-free summer with umbrella insurance.

To discuss your options, contact one of our talented Risk Advisors today!

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