Umbrella insurance is an additional layer of protection that helps you cover costs in the event of a lawsuit. It provides financial protection by providing extra coverage on top of other policies. But how much umbrella insurance do you need? At Goshen Group Inc., we are committed to helping Glen Carbon, IL families get the coverage they need.

How much umbrella insurance do I need?

The answer to this question depends on several factors, such as your income, assets, and the potential for being sued. Generally speaking, it’s recommended to have at least $1 million in umbrella insurance coverage. This amount can be increased depending on your individual circumstances and desires for protection. 

If you’re concerned about needing more than one million dollars in coverage, there are options available to provide even more protection. You can purchase additional policy limits above the one-million-dollar threshold or consider purchasing excess liability insurance. Excess liability insurance can provide even more financial protection up to an agreed amount specified in the policy. 

No matter what type of umbrella insurance coverage you choose, it’s important to review your policy with a qualified professional and make sure it meets your needs and budget. With the right level of coverage, you’ll be able to have peace of mind knowing that you’re protected from any unexpected legal expenses down the road.

Reach Out To Us

If you have any other questions about umbrella insurance or any other type of insurance product, please give us a call at Goshen Group Inc. today. We are proud to serve the Glen Carbon, IL area and would be glad to help you find a policy that meets your needs and your budget.