Many people pass on umbrella insurance because they don’t know what it is or what the benefits are of a policy. Just like on a rainy day, you want an umbrella to cover you, the same is true of umbrella insurance. It is going to protect you in so many ways.
You never know when another one of your insurance policies is going to be insufficient in terms of coverage. For example, if you are involved in an auto accident and the property damage adds up to $50,000 and you only have $30,000 worth of coverage, the remaining $20,000 would be your responsibility – and that’s a lot of money.
With an umbrella insurance policy, you would be able to use that coverage to reduce the out of pocket expenses – maybe even to the point where you wouldn’t have to pay anything. Umbrella Insurance is liability coverage that covers claims in excess of other insurance policies like auto, homeowners, and watercraft. It also covers certain liability claims like libel, slander, and false imprisonment.
At Insurance Solutions, we have friendly and experienced advisors who can help you find an umbrella policy to fit your budget based on the options you select for your situation. Call us today to get started.