Umbrella insurance is an additional type of insurance that provides extra protection beyond the existing standard coverages, such as home insurance, auto insurance, boat insurance, and others. Umbrella insurance provides coverage for property damage, personal liability situations, certain lawsuits, and injuries.
Consult with Dalessandro Agency Inc. in Grand Rapids, MI for expert insurance advice. If you consider getting this type of insurance, there are certain things you should keep in mind:
What Should You Consider Getting Umbrella Insurance?
Before purchasing an umbrella insurance policy, you should know the following:
- Umbrella insurance is more affordable than many people think. You may mistakenly believe that umbrella insurance is expensive, but it is the opposite – it is one of the most affordable types of insurance. The average cost of umbrella insurance is between $150 and $300 a year.
- It applies to a broader range of situations than standard types of insurance. For example, it covers such things as libel and slander, malicious prosecution, legal defense costs for covered losses, false arrest, liabilities while traveling overseas, and others.
- Umbrella insurance has certain limitations and does not cover everything. It does not cover intentional property damage and injuries, your own property damage and injuries, and property damage and injuries caused while performing professional or business activities.
- It is especially recommended to certain categories of people. These categories include homeowners with swimming pools, dog owners, homeowners with a trampoline or tree house, and families with teenage drivers.
Get Umbrella Insurance Today
If you are thinking of purchasing umbrella insurance and you need help in finding a good policy addressing your needs, you should reach out to Dalessandro Agency Inc. in Grand Rapids, MI. Our knowledgeable and experienced insurance agents will assist you in finding the perfect umbrella insurance policy. We also specialize in other types of insurance as well. Feel free to visit our website or call us to find out more.