Have you ever wondered what Umbrella Insurance is for? Below are a few reasons why you should consider covering yourself with an Umbrella policy.
FILLS THE GAPS
Let’s say you are involved in a car accident and only have $300,000 in liability coverage on your auto policy, but you are sued for $500,000.
Your Umbrella policy will cover the additional $200,000 balance, so you don’t have to.
PROTECTS YOUR ASSETS
How much you owe is relevant. If you are found liable of an accident or any other catastrophic event(s), everything you have worked so hard for could be at risk;
unless you have umbrella coverage to protect you, your family, and your assets.
PAYS LEGAL EXPENSES
If you find yourself in a bit of hot water legally, an umbrella policy can provide protection for things not usually covered by your homeowners policy,
including false arrest, false imprisonment, slander, defamation of character, invasion of privacy, wrongful eviction etc.
Although everyone’s needs vary according to their assets, on average, a $1 million policy can be as low as $40.00 per month! If you are interested in an Umbrella policy or just have questions about the coverage, please call one of our knowledgeable agents, (760) 245-2561.