Umbrella Insurance

Your Best Umbrella Insurance

Before you find yourself dealing with a significant insurance claim or lawsuit, consider the potential financial impact — especially if the costs surpass the coverage provided by your regular homeowners and auto insurance policies.

Extra Coverage Means an Added Layer of Protection

“Umbrella insurance” serves as an additional liability policy that provides added peace of mind and safeguards your financial future. Typically, people opt for umbrella insurance to cover their existing car or homeowners insurance policy.
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How Does the Best Umbrella Insurance Work?

Umbrella insurance provides coverage in situations where the liability coverage limits are insufficient. It can be a financial lifesaver in unexpected situations, taking effect after your primary policy fully pays out, covering the remaining costs.

Umbrella insurance generally excludes any personal losses you may experience, such as damage to your property or theft of your belongings.

Advantages of Umbrella Insurance

Finding the best umbrella insurance policy can be a valuable asset if you are sued for a large amount of money, as it can help to protect your assets, such as your home, car, and savings. This type of coverage comes with valuable benefits, such as:

An Example

Say your auto insurance policy provides liability coverage of up to $500,000 and you’re involved in an accident where the other driver incurs medical expenses totaling $600,000.

In this scenario, your primary insurance policy will cover the $500,000, and the umbrella insurance policy will cover the remaining $100,000.

Additional Liability Coverage

The liability limits on your home and auto insurance policies are almost always capped at a certain amount. If you are sued for more than the limits of your policies, you could be personally liable for the remaining amount.

An umbrella insurance policy provides additional coverage up to the limits you choose, so you can be better protected in the event of a lawsuit.

Covers a Wider Range of Liability Claims

Your home and auto insurance policies may exclude coverage for some types of liability claims that involve libel, slander, or invasion of privacy. An umbrella insurance policy can provide coverage for these types of claims (and others) as well.

Relatively Inexpensive

The cost of an umbrella insurance policy depends on a number of factors, including your age, driving record, and the amount of coverage you choose. However, umbrella insurance is typically very affordable, and it can provide peace of mind knowing that you are well protected in the event of a lawsuit.

Is Umbrella Insurance Right for You?

An umbrella insurance policy can be an affordable and effective investment for anyone looking for extra financial protection.

Let’s work together to find the best insurance for you. Eber & Associates is here to cover you through life, for life.

Custom Insurance the Smart Way

When it comes to custom insurance solutions, you need a team you can trust to help you find the perfect fit. Let Eber & Associates guide you to a more secure tomorrow with the care, coverage, and confidence you deserve.

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