Do You Need Umbrella Insurance?
I already have insurance, why do I need extra?
You just never know what life is going to throw at you, so it’s best to protect yourself any way you can. Even if you already have your standard homeowner, auto, liability, or other insurance to cover your most valuable assets, sometimes accidents happen that go beyond what your standard policies can cover. Umbrella insurance is that extra little bit of coverage…just in case.
Auto accidents can cost more than you auto insurance will cover
Liability insurance for your home and car are a part of your policy. But if you end up being held liable for a major auto accident or an accident in your home, the standard liability coverage in your auto or home insurance policies may not be sufficient to cover damage that exceeds hundreds of thousands of dollars.
The insurance you need for the season
Snow, holiday stress, holiday parties, and general holiday cheer are wonderful, but unfortunately, this time of year we tend to see a spike in reckless driving, drunk driving, and distracted driving. Auto accidents can be devastating, and worst case scenario is that someone will lose their life. This is a tragedy, one that is hard to put a price on, but should you be held liable for such a tragic accident it may end up costing you a lot more than you can probably afford, and more than your average auto insurance policy will help you cover.
Everyone could use a little extra insurance coverage
An umbrella policy will provide an additional layer of coverage to go along with your other policies in case the unthinkable happens. You may think that you will never need coverage in the millions, but in the event of a life-threatening accident, millions are just what you might need to cover the damage. This is when you’ll be glad you got the extra umbrella policy.
Hopefully, you’ll never have to use it. But if you do, you’ll be glad you talked to your broker about adding additional coverage. Auto accidents are typically involved when an umbrella policy is needed, as they cause the most severe damage and often result in loss of life, but you can also talk to your independent broker about getting an additional layer of insurance for your home or business.
You’ll never regret the insurance you have. Call us today.