Imagine you’re having a party and someone twists their ankle on your property. This kind of thing happens more than you might think, and while your basic liability insurance may help, unfortunately it may not cover all the resulting costs.
Wouldn’t you rather have peace of mind knowing your assets are protected? If you don’t know much about umbrella insurance yet, now’s the time to learn.
What is umbrella insurance?
Umbrella insurance is a form of liability insurance designed to provide an all-encompassing level of protection. This coverage picks up where other forms of liability insurance leave off.
Could you benefit from umbrella insurance?
If you have a higher-risk home, such as one with a pool, umbrella insurance adds an essential layer of protection. Parents of teenagers (who tend to be riskier drivers), dog owners and anyone with a boat or rental property are also good candidates.
How much does it cost?
Umbrella insurance is available as an add-on to most people who purchase a property insurance product, such as home insurance or business insurance. Because it’s an extension of your existing coverage, it tends to be very affordable — and it’s a small price to pay for the level of protection it can offer to you.
Why do you need it?
You can easily fall victim to a liability lawsuit in today’s world. Even if you don’t have a high-risk home, accidents do happen. If you want to protect your money and property from claims made after an accident or injury, having an affordable umbrella insurance policy makes sense.
Interested in learning more about umbrella insurance? Please call the Chrysalis Insurance Agency…at 714-464-8080