The Most Comprehensive Personal Umbrella Insurance In San Diego

 

Get The Extra Level Of Protection For Your Assets With H&M Insurance Agency

 

A personal umbrella insurance policy is the epitome of safety and protection for your assets and your family in general. It serves to provide an added layer of security on top of your standard personal, auto, and home coverage. If you are in San Diego and own a house, a personal vehicle or have assets that need protection, turn to Herriott & Mijailovic, independent insurance agency. We specialize in a large variety of coverages, including personal, business, and commercial, and can customize your policy based on your specific requirements and needs. Our mission is to supply you with the most complete coverage and maximum protection with minimal risks. Ultimately, you will have peace of mind and confidence that your safety will never be jeopardized and you will never have losses, even when unexpected circumstances occur.

 

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Our proficient team of agents has extensive knowledge in tackling personal liability claims of every type with uttermost understanding and competence. With our unsurpassed continual support, your experience with claims will be streamlined and smooth. Through the years, the H&M team has effectively served thousands of clients by providing comprehensive custom-tailored protection. With us, you will have the convenience of shopping around for the most suitable and most affordable policy, as we work with all major carriers, like The Hartford, Next, Progressive, and First American. For more information, or to get a quote, give us a call at (619) 296-0005.

What Is Personal Umbrella Insurance?

Personal umbrella insurance (also known as PUP) is an insurance policy intended to offer an additional liability limit over those that you already have on your standard homeowners and auto insurance policies. It is meant to protect your assets and yourself from situations where your regular insurance policy is not enough. The reason why it is called “umbrella insurance” is because it provides liability coverage that is greater and more extensive than your regular coverage. When the limits of your standard policies are reached, a PUP policy offers an extra layer of protection. It can safeguard you against large liability claims and cover extra costs up to policy limits.

What Is Covered By Umbrella Insurance?

A personal umbrella policy typically covers a broad spectrum of losses, even those that occur anywhere in the world, such as:

  • Bodily Injury (medical costs, income loss, funeral expenses, etc.)
  • Property damage (physical damage, destruction, loss of use, etc.)
  • Personal Injury (false arrest, invasion of privacy, slander, defamation, etc.)
  • Landlord liability (injuries to tenants or guests, slander)

What Is Not Covered?

Although personal umbrella insurance covers a lot of things, there are certain scenarios that are not included. Typically, things that PUP does not cover are:

  • Personal property (causing damage to one’s own property)
  • Business losses (business-related liabilities)
  • Criminal and intentional acts and omissions (intentional harmful behavior)
  • Oral and written contracts

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Who Needs A PUP?

Almost every individual can take advantage of a personal umbrella insurance policy because unforeseen accidents can happen to anyone. Its purpose is to help you pay legal or medical bills in case you are found responsible.

For example, you may be found responsible for a guest getting injured while on your property. A PUP  will cover medical bills you have to pay (up to policy limits).

Furthermore, this type of insurance is usually extended to other members of the family or household, like your spouse, kids, or relatives who live with you (and don’t own their own auto or property insurance). What this means is that if, for instance, your child is being sued for posting inappropriate comments online, this policy may help protect you.

For more information on whether you need to acquire this coverage, contact our office. Our agents will gladly assist you.

How Much Does It Cost?

The cost of PUP is determined based on several elements, such as number of vehicles and properties you own, your location, coverages you already have, and so on. The exact amount of coverage determines the final price, but it will certainly be worth it in the end.

One of the greatest advantages of this type of insurance is its quite affordable price for the value that you are getting. The majority of insurance suppliers offer low premiums for a tremendous value (a premium of $300 a year for $1,000,000 limits). Some carriers offer even lower coverages, which gradually go up depending on how many cars or homes you want to insure. It is certainly safe to say that PUP is one of the most valuable types of coverage you can get.

Personal Umbrella Insurance San Diego

Check Out Why H&M Insurance Agency Is Different

Herriott & Mijailovic is a boutique-style independent insurance agency notable across San Diego and throughout the state of California. Our proficient insurance agents have extensive experience handling personal, commercial, and business insurance. Our main priority is to provide you with a stress-free lifestyle by protecting your family and your assets with the most suitable types of insurance protection.

Some of the reasons why H&M excels in San Diego insurance market:

  • 100% customer-oriented approach
  • 50 years of combined experience
  • Providing major carriers policies (Safeco, Travelers, Next, Hartford, Nationwide, First American, etc.)
  • Affordable pricing & discount options
  • Respectable San Diego’s boutique-style agency
  • Smooth and efficient claim handling
  • Responsive and approachable agents

Commonly Asked Questions

 

1.      Is umbrella policy the same as excess liability?

Although sometimes it is referred to as excess liability protection, they are not the same. They are different policies that cover the same risks and have the same types of exclusions. For instance, with excess liability you would be covered if a guest gets injured while on your property, but you would not be covered for a libel or slander settlement. Personal umbrella policy, on the other hand, can help cover libel or slander judgment costs.

2.      What are the limits for personal umbrella policy?

In general, umbrella insurance is available in million-dollar increments, starting with $1 million. Additionally, it can cover your attorney fees (if sued over an incident covered by PUP) or lost wages due to court appearance.