3 Ways Umbrella Insurance Protects Your Interests

If you own a business, home, boat or auto, umbrella insurance can provide valuable coverage that can protect your assets. A comprehensive umbrella insurance policy from StraightEdge Insurance Agency can give you extra liability protection against accidents that may occur at home, on your business property or when traveling in your boat or car. Here are a few ways umbrella insurance can protect your interests.

Saves You from Paying Liability Claims Out of Pocket 

Accidents can happen at any time without warning, leaving you financially responsible for the damages. Umbrella insurance protects you against liability claims where injuries or damages exceed your current liability coverage. Once the liability limits of your home, boat or auto policies are exhausted, umbrella coverage pays for remaining liability costs. Serious accidents could cost tens of thousands of dollars’ worth of damages. With umbrella insurance, you don’t have to dip into retirement funds or savings to pay these damages out of pocket.    

Protects You Against Lawsuits

If your negligence at home or on the road causes someone to have a serious accident, you could be sued for damages. Umbrella insurance protects you against lawsuits by covering the cost of a settlement. It also pays your legal expenses so these funds don’t have to come from your own pocket.

Safeguards Financial Assets

If you have substantial financial assets or own a thriving enterprise in Austin or Georgetown, TX, you can benefit from umbrella coverage. With umbrella insurance, you don’t have to worry about unforeseen liability claims depleting your financial assets. You can’t predict when accidents will occur but you can be prepared with insurance protection that covers the unexpected.   

For more information about personal or commercial umbrella insurance and the protection it has to offer, contact us at StraightEdge Insurance Agency in Georgetown, TX.