Umbrella Insurance Policies Provide Extra Liability Coverage
Just as a rain umbrella is meant to protect you from bad weather, an umbrella insurance policy is meant to protect you from any bad situation. With all of your other insurance policies, it can be easy to assume that you are covered from any peril. However, your existing personal insurance policies may not have enough liability coverage to provide the right amount of protection from any situation.
An umbrella insurance policy provides extra liability coverage that exceeds the liability of all of your other insurance policies. Umbrella policies will not “kick in” until the liability of your other policies have run out, ensuring that you are not left financially devastated due to one unfortunate accident.
Umbrella insurance policies start at $1 million in coverage, and then increase in million dollar increments. While you may think that this is way more coverage than you will ever need, it probably is not. Consider if you have some friends over for a little get together, and one of your friends slips on the way up to your house. If your walkway is covered in ice or snow, your friend can be seriously injured. If your friend sues you for medical bills, they can easily surpass the liability limits of your homeowners’ insurance policy. Luckily, if you have an umbrella policy, you will not have to cover the remaining medical bills out of your own pocket.
As an added bonus, umbrella insurance policies are very inexpensive, and provide the coverage that you deserve to ensure that you and your assets are secure.
For all of your umbrella insurance needs and to be sure that you have the right amount of coverage, contact the insurance professionals at Kurt Rolf Insurance Agency in Hopkins, Minnesota. We will work with you to ensure that you have the most comprehensive coverage, all at the right price.
