When You Have More, There’s More To Lose
From your successful career, you’ve managed to build your retirement, save for college funds, invest in property, and more. All these assets are the result of your hours of hard work, but from one accident they can easily be at risk of disappearing in a moment.
How Does Umbrella Insurance Work?
Sure, you may have other insurance policies in place. But if you look closely, those plans have limits that can leave you exposed. Adding umbrella insurance gives you an extra layer of protection so that if your other insurance is exhausted from an accident, you’re not responsible for the remaining costs.Â
What Does Umbrella Insurance Cover?
Umbrella insurance typically covers:
- Property Damage
- Some Lawsuits
- Personal Liability Accidents
- Injuries
It goes above and beyond the protection offered by your other insurance plans, like homeowners or car insurance. That way if you max out those plans, you’re not at risk of losing everything you’ve earned from your hard work.
Is Umbrella Insurance Worth It?
If you have a lot of assets, or you are at a high risk of being sued, it might be worth getting umbrella insurance. Property owners, landlords, public figures, board members, or people with significant savings or assets may want to have extra coverage against claims or lawsuits that are not covered by more basic insurance.
Do I Need Umbrella Insurance?
You are not required by law to have umbrella insurance. However, depending on the value of your assets and your likelihood of being sued, umbrella insurance can offer you an extra layer of protection and coverage.
Don’t Gamble With Your Assets
Make sure they won’t disappear when a rainy day comes. Talk to our team to pinpoint your unique risks and find out how you can ensure what you own is fully protected.