Is Umbrella Insurance Worth It?

You may consider your base insurance policy to be enough, but umbrella insurance is a unique coverage that can help when you most need it. Umbrella insurance policies only go into effect when your homeowners or commercial policies reached their maximum pay limits. As an example, if someone is injured on your property due to your negligence, it will pay any medical or legal expenses. Likewise, if your home is destroyed by fire or severe weather, it will pay to rebuild. However, when the policy is exhausted, you will be responsible for any additional funds. This can be devastating for most families. An umbrella policy covers any expenses above the base policy. In the Westerville, OH area, our team at Associated Insurance Agencies, Inc. can help you decide if an umbrella policy is suitable for you.  

In the above examples, consider the following. If someone is injured, their medical and legal expenses could run to $500,000. If your policy provides $300,000, you will be held responsible for the additional funds. An umbrella policy would provide additional money and protect your assets. 

In the Westerville, OH area, our agents at Associated Insurance Agencies, Inc. can answer any questions you may have about umbrella insurance policies. They will take the time to get to know your situation so that you can decide if an umbrella policy is right for you. You can explore your options on our website, but to truly understand the details of umbrella policies, contact us. Your agent will discuss your options and talk about how umbrella policies function. With the right information, you can decide the type of coverage that you need. With the right coverage, you’ll have the financial protection that you need. Call us today to get started!