Protecting your assets is often not as cut and dried as simply purchasing home or auto insurance. There are certain instances in which your typical homeowner’s or auto policy will not cover the extent of expenses that can be incurred through an accident or liability event. What can you do in these situations? Umbrella policies were created for exactly this type of event. At StraightEdge Insurance Agency, serving Georgetown, TX, we are here to educate our clients on topics such as this.
What is Umbrella Insurance?
Umbrella insurance is a type of policy you can purchase in addition to regular homeowners or auto insurance. An umbrella policy is intended to act as a backup insurance policy. If you are liable in an accident or injury situation, your regular insurance policy has been exhausted, and there are still expenses to be paid, an umbrella policy will kick in. This is a wonderful type of protection to have in place in order to protect all of your assets.
Who Should Get Umbrella Insurance?
Umbrella insurance can prove helpful to anyone who wants additional protection in the event of a vehicle accident, or in the event of liability situation in their home. Umbrella insurance is especially important, however, for individuals who have significant assets they wish to protect. This can include properties, investments, and savings. In the event of an intense financial liability situation, all of these assets are in danger. Protecting these assets through an umbrella policy is a great way to secure your financial future no matter what may come your way. In order to understand exactly how much protection you will need, you should speak with an insurance representative.
If you would like to learn more about umbrella insurance, please contact our friendly staff at StraightEdge Insurance Agency, serving Georgetown, TX.