Having insurance is essential today. It is not a luxury anymore – it is a necessity that provides our beloved ones and us with financial security and peace of mind. Umbrella insurance is a specific type of insurance that provides extra liability coverage in case if your existing insurance cannot cover all the expenses. For those who are unfamiliar with umbrella insurance, Steiner Insurance Group serving Tulsa, OK has prepared the list of things covered by umbrella insurance:
Personal or Property Damage
Umbrella insurance will cover damages caused by you, your family members, or hazards on the property for which you are legally responsible. This includes so-called "attractive nuisances," such as trampolines or swimming pools, for example.
Personal Liability Coverage
This type of insurance will kick in in the situations that occur at your property. For example, if your dog bites your neighbor or a guest, umbrella insurance will cover all the legal expenses and medical bills.
It provides an additional level of protection for your car or motorcycle, which is beyond your basic auto insurance.
Libel and Slander
If you offended someone, this person might sue you for defamation. In this case, umbrella insurance will help you and cover all the expenses related to this issue. For this reason, this type of insurance is especially crucial for those who actively use social media and post something regularly.
Hiring a lawyer is necessary when you have to defend yourself in court. However, lawyers are expensive and not always affordable. The good news is that if you have an umbrella insurance policy, the insurance agency will cover all the lawyer fees.
Umbrella insurance is not mandatory. However, it is one of those types of policies that you should have to protect yourself and your beloved ones. If you are from Tulsa, OK and you are looking for a reliable insurance agency, do not hesitate to contact Steiner Insurance Group. We will be glad to discuss your needs and concern and find the best umbrella policy for you.