Understanding Umbrella Liability Insurance in Connecticut

Understanding Umbrella Liability Insurance in Connecticut

Are you aware of the benefits provided by an New London County Umbrella Liability Insurance policy? This policy offers significant benefit to individuals. For example, in a standard New London home insurance policy, there’s a limit of liability for personal claims. Given today’s litigious society, a claim can easily exceed the minimum amount of coverage available. If you are a homeowner, your assets can be attached in the event of a judgment against you.

Umbrella Liability policies get their name because they act as an umbrella over more than just your personal liability policies. Most people who have this policy use it as extra protection for both their personal liability and automobile liability coverages. For example, if you have a $1 million umbrella policy, it will provide that amount in protection if either your personal liability or auto liability policy limits were exhausted.

It’s important to keep in mind, when it comes to understanding umbrella liability insurance, that it is a liability policy and not a property policy. This means that if your home insurance policy has two types of coverage, the umbrella only applies to the personal liability portion of the coverage. An example of when your umbrella policy would come in handy is if someone is injured on your property and sues you, and your homeowners insurance will not cover all of the costs.

Byrnes Agency is one of Connecticut’s leading independent agencies for Personal Insurance lines. We understand that sometimes a loss can be unpredictable, and additional coverage is needed to go above and beyond what a Homeowners or Auto policy provide. For more information about our Umbrella Liability Insurance polices, please contact us at one of our various locations.