Umbrella Insurance

Is Umbrella Insurance Worth It?

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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!

3 Tips for Buying Umbrella Insurance in Ohio

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Umbrella insurance is extra insurance that kicks in once you’ve exhausted your primary policy. This insurance is good to have for those unexpected events such as someone who gets injured on your property, resulting in expensive litigation. However, umbrella insurance is affordable and adds peace of mind by knowing that no matter what happens, you, your family, and your assets are protected. Read on to learn about three ways you can save money on your umbrella policy while getting the insurance you need.

1. Compare Several Quotes

Your insurance agent can help you compare several umbrella insurance policy quotes. Expect to go over the fine detail, including what is covered, what is not, and how much the policy costs. This a great time to get all of your questions answered.

2. Bundle your Policies

To save money on your insurance, consider bundling your policies under one insurance company. Your insurance agent can help you do this. Either stay with the company you currently have your policies under or find a new company that offers additional savings. 

3. Work with a Reputable Agent

To make sure you get the best policy for the best price, work with a trusted and reputable agent. Insurance agents make it their job to understand umbrella insurance and pass that understanding, along with savings, on to you. They will answer all your questions and concerns and take their time going over different policies. 

The agents at Associated Insurance Agencies Inc. in Westerville, OH are standing by to help you find the best umbrella policy for your particular needs. The team at Associated Insurance Agencies Inc. can be reached by phone or you can visit our office in Westerville, OH. Give you and your family peace of mind knowing that no matter what happens, you and your assets are protected.