April Showers: Can I Get An Umbrella?

What’s an umbrella policy and why should you have one?

An umbrella is an essential item on a rainy day. There are times when you can’t leave home without one. When a financial rainy-day hits, you may also find yourself reaching for your umbrella – that is a personal umbrella insurance policy.

Homeowners insurance and auto insurance offer necessary coverage, but each has its limits. Have you considered what you might do if an accident at your home or on the road left you liable for more than your policy coverage limits? Time to grab that umbrella! Personal umbrella coverage offers protection beyond the limits of your existing policies and can come in handy in response to an event that could otherwise be financially devastating.

Basically an umbrella policy can help protect your hard-earned assets. The cost is minimal considering the peace of mind it may offer you to know you are protected. After all, an umbrella is the kind of thing you always have ready even if you only use it on rainy days.

An umbrella policy is additional liability coverage. It protects your assets in the case of a large claim where the limits of your liability coverage on your home or auto policy would be exceeded.

What does an umbrella cover?

  • Bodily injury to others
  • Property damage
  • Other kinds of legal damage (Libel, slander, etc.)
  • Legal fees

Although umbrella insurance protects you against most types of lawsuits, there are certain kinds that many policies specifically exclude such as malpractice, workers compensation or business related claims, or intentional damage.

Why should you purchase an umbrella?

  • Do you own a home?
  • Have a retirement account?
  • Have more in assets than you have in liability coverage on your home or auto policy?

Then you should purchase an umbrella policy.  All it takes is one bad claim – get protected before that happens.

Give your Aitken and Ormond Agent a call to find out more about adding an umbrella policy today.

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Are you ready to save time, aggravation, and money? The team at Aitken Ormond Insurance is here and ready to make the process as painless as possible. We look forward to meeting you!

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