What is Umbrella Insurance?
The purpose of umbrella insurance is to provide you and your family with an additional layer of personal liability protection. It's a safety net, as it becomes active once you've exhausted your underlying policy, such as for your home and automobile. It's critical to note that umbrella insurance for federal employees or civilians does not supplement your initial plans — you must have and maintain those to qualify for umbrella insurance.
While every policy varies, our umbrella liability insurance for federal employees offers assistance for the following events:
- Property damage
- Bodily injury
The above fields are broad, encompassing everything from an automobile accident to structural home damage. That's why it's called umbrella insurance, as it casts a net of coverage across an expansive area, ensuring the protection of you and your family's assets in case of a lawsuit, which can include demands for reparation reaching the hundreds of thousands, if not millions, of dollars.
Why do I need Umbrella Insurance?
The world, as well as your day-to-day life, is unpredictable. Insurance accounts for that, including umbrella insurance. If you have assets, such as a home, automobile, or significant savings, federal employee umbrella insurance is often a smart investment because it provides additional coverage in the event of a catastrophic lawsuit that exhausts your existing policies.
It's difficult to imagine a catastrophic lawsuit affecting you. It can happen fast, however. Imagine the following scenario — you're driving on the interstate and suddenly find traffic at a standstill, rear-ending the vehicle in front of you. Following the accident, the driver issues a lawsuit that claims the incident caused permanent bodily injury. They request more than $500,000 in damages. While that amount will exhaust your automobile insurance, you can trust your federal employee umbrella liability insurance to assist.
While umbrella insurance is optional, the annual rates and liability limits of our umbrella insurance for federal employees make it a sound investment.