A multicar pileup is traced back to your vehicle as the root cause of the accident. An ill-timed social media comment sparks a viral defamation backlash. You have a party at your apartment and, unbeknownst to you, the punch was spiked – one of the underaged guests gets in a car accident while driving home.
Any of these situations can land you on the hook for a major lawsuit. Innocent or not, you’re playing defense in court. Your existing insurance helps with legal fees, but the price to defend yourself can quickly exhaust a typical $100,000 renters insurance policy. When the policy limits are met, it’s cut-bait time. You don’t want to be floating alone with your policy limits exhausted as the sharks circle.
Adding a personal umbrella policy can help to keep you protected and afloat in a dire situation. Find out how an umbrella policy could save you money, increase limits across multiple policies and broaden your coverage.