Written by attorney Lucas J. Foust

2. How much will an umbrella insurance policy cost?

One way to protect your assets is to purchase an umbrella insurance policy. An umbrella insurance policy provides an additional layer of security to people who own real property or have other assets that must be protected. An umbrella policy provides more protection (i.e. higher insurance limits) than many automobile insurance carriers are willing to provide for in traditional automobile insurance coverage. If you have been successful enough to have significant assets, you should be wise enough to purchase an umbrella insurance policy to protect those assets. Getting a quote cannot hurt.

Additional resources provided by the author

. Is my uninsured motorist coverage as much as my bodily injury coverage? Uninsured motorist coverage protects you and your family in the event you are injured by the negligence of a driver who does not have motor vehicle insurance. About one out of ten motorists in Montana do not carry automobile insurance coverage at all. For some inexplicable reason, insurance companies offer uninsured motorist coverage that is does not have a limit as high as the bodily injury coverage for the insured. Here is what that means: The insurance company protects other people more than they protect their own insured from uninsured motorist. That makes absolutely no sense. To fulfill your responsibility to your own family, and for a few extra dollars every year, you must protect your own family with insurance limits that are equal to the amount

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