Ever been caught in an unexpected downpour of rain without an umbrella? We’re not sure which is worse; being drenched by the rain, or the feeling of being unprepared. Life can change in a matter of moments, so being prepared is crucial. And we’re not just talking about being caught in the rain, either.
Just like a physical umbrella can help protect you from those unplanned showers, an umbrella insurance policy can offer coverage for life’s unexpected events. An umbrella policy offers additional liability coverage above your auto and homeowner policy, which would look a little something like this!
But what does that look like in real life? Here’s an example:
Let’s say you’re driving home from work and accidently turn in front of another car, leaving the other driver seriously injured. What if your auto insurance policy doesn’t have enough coverage for bodily injury? What if the other person was driving a state-of-the-art electric vehicle, costing well into a hundred thousand dollars to replace? Does your auto policy have enough property damage liability to cover it?
This is a scenario when an umbrella policy would kick in, since it offers additional liability coverage over your auto policy limits for both bodily injury AND property damage. And this is just one example of what an umbrella policy can do!
No one likes to think about those ‘what if’ scenarios, including us…but it all goes back to being prepared. Just like you don’t want to be caught without a literal umbrella, you don’t want to be without an umbrella policy, either.
If you would like to discuss adding an umbrella policy to your package, contact us today!