Whether you are a homeowner, you own a vehicle, watercraft, or are a business owner, umbrella insurance will offer you significantly more liability coverage that won’t rob the bank. This type of insurance covers not just you, the policyholder, but other members of your household or family. It covers injuries to others or damage to their property if an incident occurs that is caused by you, your home, or business.
If you own your home, an umbrella insurance policy will cover certain liability claims that your regular homeowner’s insurance policy may not cover. It will also provide extra coverage if you own rental properties other than what your normal renter’s policy covers.
Examples of an umbrella insurance policy would include if your dog gets loose and bites someone, and the person sues you to cover things, such as their lost wages, medical bills, and pain and suffering. If you have an unruly teen who gets into a fight at school and injures someone, the other juvenile’s parents may sue you to cover their child’s medical bills and pain and suffering. If you’re driving your vehicle and cause a five-car pile-up, your regular insurance policy is probably not going to offer enough coverage for all the victims involved, so then your umbrella policy will kick in to cover.
An umbrella insurance policy, in a nutshell, provides you with extra coverage and greater peace of mind. If you have assets that are worth more than regular insurance policies cover, an umbrella policy is recommended by many insurance agents. It is merely a proper added protection to have in a world in which many people are looking for a way to sue others for their own gain.
If you need an umbrella insurance policy, enlisting the assistance of an insurance agent with experience and knowledge of these types of policy is imperative. You can trust the agents at Golden Way Insurance Services Inc., and can call for an appointment today.
While our office is located in California, we serve all across the following states: California, Texas, Tennessee, Michigan, Florida, New Jersey, Arizona, Nevada, and Indiana.