06 Feb What Can An Umbrella Policy Do For You?
February 10th is National Umbrella Day. What exactly is an umbrella policy? Umbrella policies provide extra coverage when your regular insurance policy is maxed out. Basically, umbrella insurance policies protect you from liability issues that go beyond the liability limits of standard insurance policies. Umbrella insurance can provide extra financial coverage for policies such as your homeowner’s insurance, car insurance, etc. No one knows what the future holds and unfortunately, sometimes people end up in a situation where they lose many of their assets due to an accident.
Being involved in an accident without proper liability coverage can force you to end up paying for damages out-of-pocket and that becomes a financial burden. An umbrella policy is there to protect you during the worst times. To some, this may seem like an extra expense, but the cost of getting sued can hold a higher price. If guests were to slip and fall on your property and become seriously injured then you could be responsible. It is best to be prepared at all times. Umbrella policies can be purchased at a low cost and are typically sold in million dollar increments. Don’t let a misfortunate event inconvenience you. Protect yourself and others with an umbrella policy from Spivey Insurance Group
Check out this video from Spivey Insurance Group to further explain Umbrella Policies.