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Long Beach Personal Umbrella Insurance: Do You Need It? A severe car accident or an injury in your home can be personally devastating. It can even lead to financial ruin and a lifetime of debt if your basic liability insurance policy does not cover the damages. A personal umbrella insurance policy provides the comprehensive liability coverage you need to protect you and your family if disaster strikes. Let’s look at a common scenario: Imagine that you’ve accidentally caused a tragic accident. You are sued and found liable for $2 million. As awful as that sounds, if your auto insurance liability policy only covers $250,000, you could be held personally accountable for $1.75 million. To avoid spending the rest of your life dealing out IOUs, planning ahead with a Long Beach personal umbrella insurance policy can keep you protected and give you a second chance.  Our litigious culture has escalated the liability for serious accidents far beyond what an average person is covered for, even to the point where scammers deliberately put themselves in situations to get hurt and then hit the jackpot with a huge insurance settlement. We are all going to make mistakes at some point, and personal umbrella insurance makes sure your next mistake doesn't end up costing you millions. A Long Beach personal umbrella insurance policy essentially sits on top of your standard homeowners and auto insurance policies. You will want to speak with a reputable Long Beach insurance broker to assess your specific needs. As a rule of thumb, for those who earn $100,000 per year or have more than $1 million in assets, experts recommend purchasing more than $1 million in personal umbrella insurance coverage. Umbrella coverage going beyond your total assets is necessary because a lawsuit could force you to pay the settlement from your current assets as well as future earnings, making the typical cost of about $1 a day seem quite reasonable. With average Americans having around $300,000 to $500,000 in auto/home coverage, adding a personal umbrella insurance policy can keep you covered up to $1.5 million and ensure your financial security through trying times. 1

If you are looking for ways to free up some money to afford a Long Beach personal umbrella policy, raising the deductible of your homeowners/auto insurance can reduce your premiums and make it easier to afford. You will also be less likely to file small claims which helps keep a no claims discount intact while requiring a low out-of-pocket cost for each claim.  Although buying a personal umbrella insurance policy might seem like the last thing on your mind in this tough economic climate, it could very well be a decision that keeps you and your family above water in case of an accident.  Speak with a Long Beach personal umbrella insurance specialist to help you select the right coverage. Visit or call 562.498.8661 for a free consultation today. Kelly Williams is the president of Kelly Williams Insurance, a boutique, fullservice Long Beach insurance company specializing in all lines of insurance including auto, home, life, health, and business. Kelly Williams Insurance was founded in 1895 and is based in Long Beach, California. The insurance company also serves Orange County and Los Angeles County. Visit or call 562.498.8661 to learn more about the company’s personal and business insurance products.


Long Beach Personal Umbrella Insurance: Do You Need It?