How Umbrella Coverage Protects You When that Rainy Day Comes
How Umbrella Coverage Protects You When that Rainy Day Comes
There are a lot of confusing terms used in the insurance industry. One of the more perfect terms, however, is “umbrella coverage.” It sounds good, describing a layer of protection above and beyond that of your clothes, jacket or even your raincoat. Umbrella coverage sounds like it would be easy to carry and very comforting to have for that rainy day. That’s pretty accurate and it’s a pretty good place to start when describing what umbrella insurance coverage is intended to do.
If you are like most, you have several forms of liability insurance. You may have liability insurance on your car, on your home, boat or other recreational vehicles. This liability covers you up to a certain limit in case someone would get injured on your property, through an auto accident or any of your other assets. These limits may vary from policy to policy. In other words, you may have more liability insurance on your homeowners’ policy than your auto policy. If both limits are adequate, no problem. The issue can be if you have lower liability coverage on your auto insurance and someone files a claim against you in an accident that exceeds that amount. This could result in a judgment against your other assets. An umbrella policy can prevent that.
A personal umbrella policy adds that extra layer of protection across all of your policies. It can fill in the gaps of present coverage that may not be sufficient in a claim against you. It not only provides added protection but the peace of mind that comes with it. As an added bonus, umbrella coverage can be affordable.
It doesn’t always rain, but when it does, it is very useful to have an umbrella on hand. You may not need your umbrella coverage in all instances but, boy, when you do, it will surely come in handy.
To find out more about umbrella insurance and how it can benefit you, contact us. We’ll discuss your personal insurance and where an umbrella policy may be beneficial. While we are at it, we will be happy to provide a no-cost insurance tune-up. This can help all of your policies work together better in protecting your financial interests. It may even result in lower overall total insurance costs with superior coverage. We look forward to assisting you.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Insurance Blogs
Beyond “My Beloved Spouse”: A Guide to Choosing Your Life Insurance Beneficiary
The Beneficiary Bunch: Understanding Your Options
Life on the Edge? How Your Hobbies Can Affect Your Life Insurance Rates
Beyond the Premium: Unveiling the Unexpected Links Between Hobbies and Life Insurance
Unveiling the Different Players (and Why We’re Your Guide!)
Insurance Companies: Not All Created Equal! Find Your Perfect Match with Our Help
Cracking the Code: Cash Value, Loan Value, Surrender Value – It’s All in the Life Insurance Policy!
Beyond the Death Benefit: Unlocking the Hidden Gems of Your Life Insurance Policy
Beyond the Payout: 6 Unexpected Perks of Life Insurance You Might Not Know
More Than Just a Payout – Unlock 6 Hidden Gems for Your Loved Ones
Poppin’ Pills and Counting Coins: America’s Prescription Drug Dilemma
America’s love affair with drugs isn’t limited to back alleys and bong rips.
Ditch the Piggy Bank, Grab the Plan: Your Adulting Health Insurance Guide
Bye-Bye, Mom’s Policy! 5 Easy Steps to Your Adult Health Insurance Adventure
Life Insurance: Who’s Who in the Zoo (of Coverage)?
Feeling lost in the jungle of life insurance terms?
Don’t Fear the Four
Learn About Your Life Insurance Posse
Cracking the Code: Why Your Health Insurance Bill Isn’t One-Size-Fits-All
Health Insurance Premiums: Unraveling the Mystery of Why Everyone Pays Differently