Umbrella insurance in Mount Juliet and throughout Tennessee.
If financial costs for a significant insurance claim or litigation surpass the limits of your normal homeowners and vehicle policies, it may result in personal financial loss. Let us safeguard your financial future. Your financial future will be safeguarded by us.
Although it has a strange name, umbrella insurance is just an additional liability policy that gives you extra peace of mind.
Umbrella insurance is most frequently purchased in addition to homeowners insurance or auto insurance coverage.
Umbrella insurance goes above and beyond the liability limits on the policies beneath, such as home or auto. In the event you’re found liable or responsible for an unfortunate event, and the liability limits on those underlying policies aren’t enough, your umbrella would kick in for additional protection.
Umbrella Insurance Provides Extra Coverage!
Typically, you would get umbrella insurance if the liability coverage limits of your primary insurance policy were insufficient for your requirements. When your primary policy has already paid out in full, only the remaining balance of your expenses will be covered by umbrella insurance.
For instance, if you cause an accident that results in the other motorist needing medical care for $600,000 but your auto insurance policy only covers responsibility up to $500,000, your primary policy will pay out in full and the umbrella insurance policy will take over for the remaining $100,000.
Although there will be a restriction on the umbrella insurance coverage, this is less likely to be a problem. Contrary to popular belief, an umbrella insurance coverage may be more affordable. The premium typically reflects the lower likelihood that the policy will need to make payments, even though it covers significant potential benefits.
Contact us today to discuss your options of adding an affordable umbrella insurance policy to your account. It’s simple to do and offers the extra security you and your family need.