Common Scenarios When Umbrella Insurance Can Help You Protect Your Assets

For over 25 years, Richard Zeises Agency has helped Jenkintown, PA residents find the insurance coverage they need. We offer flexible policies to ensure that our clients are prepared for any scenario that they encounter. We take pride in offering quality customer service.

Common Scenarios When Umbrella Insurance Can Help You Protect Your Assets

Umbrella insurance adds an extra layer of security if you are involved in a liability dispute. Umbrella insurance is supplemental coverage that helps you protect your assets. Here is a look at some common scenarios when umbrella insurance can assist you.

Property Damage

Umbrella insurance protects you if you accidentally cause damage to someone else’s property. Perhaps you are ruled to be at fault for an auto accident, or your vehicle damages someone’s property. You can add umbrella insurance to your home insurance policy as well. Maybe you are doing some landscaping, cutting down a tree, and the tree lands on your neighbor’s roof. You are responsible for the damages, and umbrella insurance can help protect you from losing your assets.

Accidental Injuries

Umbrella insurance is commonly relied on to assist people who are dealing with potential litigation regarding bodily injuries. You are responsible if someone gets injured while visiting your home. You are also responsible if your pet accidentally injures someone or causes damage to their property. If you have a swimming pool or another high-risk accessory on your property, umbrella insurance is a real asset. You could face serious litigation if someone gets hurt. Umbrella insurance will protect you.

Commercial Litigation

If you are the owner of a Jenkintown, PA business, umbrella insurance covers you if you face allegations of slander, libel, and wrongful termination.

Richard Zeises Agency Will Help You Stay Protected

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Why is investing in umbrella insurance a good idea?

Those that live in the Jenkintown, PA area will have a variety of different insurance needs. One effective form of coverage that should be considered is umbrella insurance. This is an additional form of personal liability insurance that could prove to be very valuable. There are several reasons why getting this coverage is a good idea for most people. 

Covers for Unforeseen Risks

A primary advantage of getting umbrella coverage is that it will cover you for unforeseen risks. While some types of liability risk can be directly planned for, such as if you cause a car accident, others can be much less predictable. With an umbrella policy, you are going to receive a lot more support for risks that you may not see coming as this insurance gives a more blanket form of coverage. 

Covers for Larger Liability Claims

Most people are going to receive coverage through their home and auto policies. The majority of the liability claims that would be covered by these policies will fit under the policy limit. However, more significant accidents do happen, and if the damages exceed your policy coverage, you will need to come out of pocket to cover the balance. If you have an umbrella policy, you will get the coverage that you need as it will provide protection on top of the home and auto insurance. 

Getting umbrella coverage is a good idea for anyone in the Jenkintown, PA area. As you are looking for a new policy here, contacting the Richard Zeises Agency would be a great option. The insurance team at Richard Zeises Agency can give you a lot of guidance. Picking this form of insurance is never easy, but our insurance professionals can provide you the support you need.