No, it’s probably not raining BUT umbrella insurance can protect us from other risks. For instance, it adds protection above and beyond limits on homeowner, auto and watercraft policies. Depending on what company we use, The Home Agency can provide you with coverage up to an additional 1 to 5 million dollars in liability protection. The umbrella insurance goes into effect when the liability on other current policies has been used up. The liability portion of the homeowner or auto policy pays for expenses such as the injured person’s medical bills, lost wages and rehabilitative therapy. It also pays for legal defense services in the case of a court trial. Often times your standard policies are not enough to compensate for these costs.
Be on the safe side and ask our Property and Casualty agents work with our companies to see what it would cost to own an Umbrella Liability Insurance policy.
Contact us today at 800-245-4241 or send us a message through the Contact Us Form.