IS AN UMBRELLA POLICY WORTH IT?

Many people ask if an Umbrella Policy is worth having.  The answer is YES!  Whether you are just starting out in your career, renting your first apartment, buying your first house, have children or have acquired multiple assets, this article will outline why it’s imperative to attain an Umbrella Policy if you haven’t done so already:

·         Umbrella Insurance provides added liability protection for lawsuits or claims against you when your car, home, boat or underlying policy is not enough.

·         It can protect you from litigation from property damage or injury and associated legal defense costs if you get sued for damages to other people’s property or injuries.

·         No one can predict if you will be found negligent for harming someone and how much a judge will award to the injured person.  This means Umbrella Insurance is not just for the wealthy with assets but a necessary protection for any      

           policy holder

·         Uninsured Motorist Coverage is also available to protect you the policyholder against those people that are driving with no insurance or with insurance with very low limits.  This is one of the most valuable coverage offerings that many              people overlook when considering Umbrella Insurance.

The fact of the matter is that anyone can be sued.  Having an Umbrella Policy provides an extra layer of defense and protection.  Umbrella policies can vary in limits starting at $1,000,000 and up.  Having an Umbrella Policy is a very inexpensive solution to what can be a very expensive problem.  For more information and a quote on Umbrella Insurance, please contact us today!


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