Here are the top 5 reasons to get umbrella insurance
1. Counter against expensive claims
Umbrella insurance provides extra coverage for liabilities on top of your regular insurance policies. Think of it as an extra layer of coverage. Most people get insurance coverage for the state minimum requirements. That could be enough and it could not be enough and there is always a risk. Umbrella insurance reduces this risk. Umbrella insurance is especially important for people who have significant assets.
2. Protection against lawsuits
Umbrella insurance also protects you against lawsuits, which can be extremely expensive. It is not just the amount of the lawsuit that can be costly, it is also the legal representation that is expensive, especially if the duration keeps getting longer.
3. It is relatively affordable
Relative to the value that is provided by umbrella insurance, it is not that expensive. The value you get in liability insurance should make it very attractive to the insurance buyers.
4. Protect your dependents
The umbrella insurance can go a long way to protect your dependents. For example, if you have children and if they are in an unfortunate multi-car accident, your umbrella insurance can come in very handy.
5. Peace of mind
There is no greater reason to get any type of insurance than to have peace of mind. Umbrella insurance gives you the ultimate peace of mind because it can provide coverage in so many different situations.
Christensen Insurance Group serving Sandy, UT can guide you on how to manage different insurance types you have and how umbrella insurance can be ideally used to reduce your risk. Contact Christensen Insurance Group serving Sandy, UT for all your insurance needs. Our agents will be glad to discuss your current situation, preferences, and goals, and guide you through the umbrella insurance process.
