How much personal umbrella insurance do you need? A personal umbrella policy provides additional liability protection above the limits of your homeowners, auto, and other eligible personal insurance policies. While those policies may provide liability limits of $100,000 or $300,000, a serious accident or lawsuit could potentially exceed them. Umbrella insurance can add $1 million, $2 million, or more in liability protection to help safeguard your income and assets.

And umbrella insurance isn't just for wealthy individuals. If you own a home, drive a vehicle, have savings or investments, own rental property, have a swimming pool, or simply want greater protection against a large liability claim, an umbrella policy may be worth considering.

The cost of a short hospital stay can easily surpass $100,000, and the cost of long-term rehabilitation and lost income can also quickly reach six figures. Money damages can add up quickly if someone is injured in a car accident and you are at fault, or if a guest is injured on your property. You should seriously consider adding umbrella insurance to your personal insurance coverage if:

• You own a home
• You have teenage drivers
• You have a significant income or future earnings potential
• You own a business
• You own a boat, RV or motorcycle

The above are just a few situations when additional liability insurance is necessary, but there are many more. We can provide you with more information about those when you contact Meixell - Diehl Insurance.