Your insurance company in Grand Rapids, MI, may probably have suggested that you get umbrella insurance on top of your home and auto policies. The policy might be quite confusing if you don’t know how it works, and that’s why Dalessandro Agency Inc. recommends learning more about the policy before making any purchase. Here are the top 3 unique things about umbrella insurance.
Liability and more liability
Umbrella insurance is all about liability coverage. Our litigious environment puts all of us at risk of getting sued every time because of accidents, including dog bites, malicious statements, threats, and wrong or misleading information. The sad part is that it doesn’t matter if it was accidental or not. Umbrella insurance is designed to add extra liability to what you already have in your home and auto policies. Lawsuits can be expensive to cover. There is a high probability that your home insurance or car insurance may not be adequate to cover all expenses, and that’s where umbrella insurance comes in.
It covers everyone in your family, including pets
While an umbrella policy is a type of personal liability policy, it protects your family members too. If you or a member of your family caused an injury or property damage to other people, your umbrella insurance can come in to cover the remaining amount if any of your primary policies are rendered inadequate.
Everyone needs it
Never say never. Everyone is at risk of getting sued or held liable for any accident they or their family members caused. Whether you’re a parent, asset owner, homeowner, or wealthy individual in Grand Rapids, MI, you will greatly benefit from umbrella insurance, especially if you have limited liability coverage in your primary policies.
Don’t wait till you gather your wealth to buy umbrella insurance; you might end up losing it all. Let Dalessandro Agency Inc. help you find a policy that matches your needs. Call us today!