Do I Need an Umbrella Insurance Policy?
All insurance policies have financial and coverage limits. If you are ever involved in an unfortunate accident that results in property damage and injuries, your current policy may not cover all of the expenses. When that happens, the other party and their insurance company will come after you, your paycheck and your assets. The best way to avoid having to pay tens of thousands of dollars is to purchase an umbrella insurance policy.
Avoid Costly Lawsuits When Accidents Happen
Accidents do happen and you need to be prepared. Often times, accidents cause a significant amount of injury and property damage. The vast majority of Americans don’t have the funds to cover these major accidents.
Personal umbrella policies are the only way to ensure that you don’t lose your assets or money. After your regular insurance policy runs out, the umbrella insurance policy will cover the rest of your financial responsibilities.
Protect All of Your Assets
Umbrella insurance policies were designed to protect every one of your assets. Once an umbrella policy is purchased, your house, car, money and every valuable will be safe should you ever be involved in a lawsuit.
Most umbrella protection policies are for amounts in excess of $1 million, however, every plan can be catered to your family’s specific financial needs.
Who Needs Umbrella Insurance?
If you have a home, car, boat or any personal possessions, you need an umbrella insurance policy. Individuals who travel overseas on a regular basis would benefit from a comprehensive umbrella policy just in case something should happen while they are on vacation.
You and your family’s future is of the utmost importance. You could lose your house, car and every valuable that you own should someone sue you in court after an accident. Regardless of how much coverage you have now or what you may think you need in the future, contact your local insurance agent for more information and to purchase your umbrella insurance policy as soon as possible.
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