Many people think of umbrella insurance as something that only the wealthy need. But the truth is, umbrella insurance can be a smart financial move for anyone. Umbrella insurance is designed to provide protection beyond the limits of your standard homeowners, renters, and auto insurance policies. It is a type of supplemental insurance that provides extra protection in case you are sued for more money than your regular homeowners, renters, or auto insurance policy would cover. For example, if you are sued for $1 million, and your regular homeowner’s policy has a limit of $500,000, your umbrella policy would provide the additional coverage you need.
Richard Zeises Agency in Jenkintown, PA presents a few key reasons you might want to consider umbrella insurance.
How Umbrella Insurance Can Protect Your Finances
1. The Cost of Insurance Is Relatively Low
The cost of umbrella insurance is relatively low compared to the amount of coverage you get. This makes it a cost-effective way to provide extra protection for your finances.
2. Umbrella Coverage Can Help Protect Your Assets
If you are sued for a large amount of money, umbrella insurance can help protect your assets. This is especially important if you have a lot of savings or property that you would not want to lose in a lawsuit.
3. Umbrella Insurance Is an Easy Way to Increase Your Coverage
If you have a lot of assets that you want to protect, umbrella insurance is a good way to increase your coverage. It can provide added peace of mind in case of an unfortunate event.
If you’re looking for extra protection for your finances, umbrella insurance is a smart option. It’s affordable, covers a wide range of situations, and can help protect your assets in the event of a lawsuit. So if you’re interested in learning more about this type of coverage, be sure to contact Richard Zeises Agency today. We can help you find the right umbrella insurance policy to meet your needs in Jenkintown, PA.
