PTP Insurance Agents of Naperville, IL, an independent insurance agency

Umbrella Liability Insurance - PTP Insurance Agents of Naperville, IL. What is Umbrella Insurance? Personal umbrella liability insurance (umbrella insurance for short) is a type of liability insurance that acts like an umbrella because it supplements your other types of liability coverages like auto and homeowners (or renters). It is designed to protect you from various personal liabilities in the event the damages awarded against you from an accident exceed the limits of liability coverage contained in your other insurance policies. It is important to have sufficient coverage to protect your assets; and, rather than get extremely high liability coverage on your auto an homeowners insurance policies, one can simply get an umbrella policy. There is usually a high deductible associated with umbrella liability insurance because it's designed to supplement your other policies. In other words, umbrella liability insurance doesn't kick in until your other liability insurance is tapped out. Usually umbrella policies require sufficient liability coverage in your homeowners and auto liability insurance to cover the deductible amount specified in the umbrella policy. So, be sure to coordinate your umbrella liability, homeowners and automobile policies. PTP Insurance Agents are well qualified to do this for you. In fact, we'll be able to help you get a substantial premium discount in the process Examples of umbrella liability insurance coverage You are responsible for a car accident, and you get sued. Your auto insurance policy does not have sufficient liability coverage to cover the damages awarded against you. Someone slips and falls on your property and gets injured. You are sued under your house insurance, but they are awarded more than the amount your homeowners insurance will provide. These are all too common examples of situations where the liability coverage in a car or house insurance policy is insufficient. All too often a judgment can exceed one's insurance protection. What if someone is awarded $750,000 (not much these days), and you only have $200,000 of liability insurance? Do you have the other $550,000 to pay for your liability? Add up the equity in your home, the value of your car, the value of your savings and the value of your personal possessions. These are some (or all) of the things you might be forced to sell to meet your legal liability. Worried? You ought to be. We are a litigious society, and no one can afford to be without umbrella liability insurance. To get a quote, click here. Does my personal umbrella liability insurance policy protect me in my business? No! If you own your own business, you must address this issue with your commercial insurance requirements. Fortunately, PTP Insurance Agents are very well qualified to help you.

People to People Insurance Services Inc. - 1240 Iroquois, Naperville, IL, DuPage County - Serving Chicagoland (630) 355-2355

Naperville Illinois personal and commercial independent insurance agents, PTP Insurance Agency, serves clients throughout the metropolitan Chicagoland area which includes Cook County, DuPage County, Kane County, Kendall County and Will County; including, but not limited to, Naperville, Bolingbrook, Plainfield, Aurora, Batavia, Barrington, Berwyn, Bedford Park, Bloomingdale, Brookfield, Burbank, Burr Ridge, Carol Stream, Chicago, Clarendon Hills, Countryside, Darien, Downers Grove, Elgin, Elmhurst Glen Ellyn, Glendale Heights, Hickory Hills, Hoffman Estates, LaGrange, LaGrange Park, Lemont, Lisle, Lockport, Lombard, Lyons, Mokena, Montgomery, Oak Brook, Oswego, Romeoville, St Charles, Schaumburg, Shorewood, Sycamore, Warrenville,West Chicago, Westmont, Woodridge and Yorkville.