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What are the benefits of personal umbrella insurance?

Updated: 9/10/2019
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14y ago

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Personal umbrella insurance is a personal liability policy that kicks after your other insurances have been exhausted. If you are sued for $1 million for a car accident and your auto insurance will only pay up to $300k, your personal umbrella policy will pay the remaining sum (assuming your umbrella policy is large enough).

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14y ago
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Q: What are the benefits of personal umbrella insurance?
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