Do You Need Umbrella Insurance?

The insurance agent in the field, giving you the best protection everywhere

Umbrella insurance certainly sounds like a funny term. You already insure your home, your car, and possibly a boat or some expensive luxury items. Why on earth would you insure an umbrella?

Obviously, umbrella insurance refers to something else. This type of insurance is an all-inclusive policy that extends to cover the limits of all other insurance policies you hold.

Any time you purchase a homeowners insurance, auto insurance, or any other type of insurance, the policy usually includes coverage limits. In most cases, you will enjoy plenty of coverage for any type of event that might occur involving your property.

However, we all know that we live in a litigious society, ands – possibly millions – of dollars.

The same can be said of car, motorcycle, and boating accidents. If you are found to be liable for an accident, a court can order not only monetary reparations for damage of property, but also settlements for each injury or life lost. It’s easy to see how an accident involving one other person could be easily covered by your insurance, but an accident involving a minivan or several small cars could quickly exceed your insurance coverage limits.

This is where umbrella insurance can become important. In any event that a settlement and court fees exceed your coverage limits, umbrella insurance kicks in to cover the rest.

If you stand could save your financial future in the event of a single mishap involving you or your property.

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