Umbrella insurance is one of the most commonly misunderstood types of insurance in the marketplace. It is the extra coverage for a policy that you already have in place, such as auto or homeowner’s insurance. While you hope that you never need it, it’s the protection to avoid spending a lot of money out of pocket, which could break you financially.
Insurance policies have a maximum amount of coverage. For example, your car has a maximum coverage for bodily injury. However, if you are in a bad accident and you use the maximum for injuries, that may leave an amount remaining that you would have to pay for out of pocket. If you have an umbrella insurance policy, that opens up in order to pay the remaining.
When you look at how much an umbrella insurance can save you, it makes sense to protect yourself financially with a policy. Without it, one event has the potential to send you into bankruptcy. While the coverage is a monthly expense, it is affordable and one that you really shouldn’t be without.
At Glass Thompson Insurance, we can help you to find a policy that works for you. One of our agents will look at the maximum coverage levels on your other policies and determine what kind of umbrella policy would work best for you. We take the time to shop with various companies and make the comparisons on your behalf.
Just as an umbrella keeps you dry on a rainy day, an umbrella insurance policy can keep you from financial ruin in the event of a major accident or catastrophe. You don’t want to be without your umbrella and at Glass Thompson Insurance, we can help you. Call us today to learn more about the benefits of this extra coverage.