What Is Umbrella Insurance?
Umbrella Insurance includes a wide variety of plans that cover you. Liability issues are everywhere and you never know what could cause someone to present you with a lawsuit. Umbrella Insurance policies protect you from liability issues that go beyond the liability limits of standard insurance policies, such as your homeowner’s insurance in Lodi, CA, affordable car insurance in Sacramento, among others. This policy literally puts you under its umbrella so that when you exceed the liability coverage limits on an insurance line, you will still be protected.
What does Umbrella Insurance cover?
Most liability coverage in your current insurance policies only covers bodily injury and property damage to others. Umbrella policies extend those limits to provide additional coverage for bodily injury and property damage, as well as to cover things that are not listed under regular liability allowances. Every policy is different, so what is considered a covered liability issue under one insurance line may not be covered on another insurance line. Umbrella Insurance kicks in when these situations present themselves and/or you exceed the amount of liability coverage for the events that are already allowed under your regular insurance policies.
Why should you purchase Umbrella Insurance?
You may not think you need an umbrella policy, but consider this: What happens to you and your family’s assets should you be sued for something that occurred at your home and the legal costs exceed the liability coverage defined by your homeowner’s policy? Who will pick up the tab if you are responsible for a multi-car accident and your liability costs exceed the limits on your car insurance? Umbrella Insurance is typically purchased at a low cost to you, but will provide enough coverage so you won’t have to worry about liability costs in the future. Contact Eugene C. Yates Insurance Agency today for more information on umbrella insurance quotes in Lodi, CA, and get a free online quote!