As a homeowner, you likely already have a standard homeowners insurance policy in place. It covers your house, your belongings, and may even include some liability protection. But what happens if a major accident or lawsuit exceeds those coverage limits? At Associated Insurance Agencies Inc. in Westerville, OH, we often speak with clients who don’t realize the importance of umbrella insurance until it’s too late.
Umbrella Insurance Isn’t Just for the Wealthy
Many people mistakenly believe that umbrella insurance is only for the ultra-rich. In reality, it’s a valuable protection for anyone. If someone slips on your icy sidewalk, gets injured at your summer barbecue, or claims emotional damages from an incident on your property, you could face a lawsuit that surpasses your standard liability coverage. Umbrella insurance provides an extra layer of protection when you need it most.
Affordable Coverage with Big Benefits
One of the most appealing aspects of umbrella insurance is its affordability compared to the extensive coverage it offers. For a relatively low premium, you can secure an additional million dollars or more in liability protection. This added security can safeguard your home, savings, and future earnings, offering a level of protection that’s invaluable.
A Safety Net for the Unexpected
While you may not expect the worst to happen, being prepared can make all the difference. Umbrella insurance acts as a safety net, filling in the gaps and providing coverage when your standard policy reaches its limit.
At Associated Insurance Agencies Inc. in Westerville, OH, we’re here to help you understand how umbrella insurance fits into your overall protection plan. Contact us today to learn more about how we can help you stay fully covered.
