THE MORE ASSETS YOU HAVE, THE MORE THERE IS TO PROTECT.
It never hurts to have an extra layer of protection. While a rain jacket alone might keep you mostly dry on a rainy day, add an umbrella and you have an unbeatable combination. The same is true with insurance, as adding an umbrella policy on top of your existing coverages is the best way to stay safe and secure.
What does Umbrella Insurance do?
An umbrella policy gives you additional liability protection from events that your underlying insurance policy may not fully cover. For instance, if a flood in your apartment causes water damage to neighboring units, this may exceed the liability limits of your home or renter’s insurance.
This umbrella insurance would kick in and provide you with the additional coverage you need. Most umbrella policies provide additional coverage of at least $1,000,000 and higher limits are available depending on the specific policy.
Filling in the Gaps
Another instance where you’ll want umbrella insurance is when there may be claims that aren’t quite covered by any of your underlying insurance policies. An umbrella policy can pay for these claims that slip through the cracks to keep you and your family fully covered.
We all could use an umbrella on life’s rainiest days, so get in touch to learn more about how umbrella insurance can keep you safe and dry.