More and more insurance agents are recommending individuals purchase umbrella insurance. However, umbrella insurance is not a product that many consumers are familiar with, nor do they fully understand the benefits associated with this product. Here at Steiner Insurance Group, serving the greater Nashville, NC area, we want to help you better understand more about umbrella insurance and how it can benefit you.
What Is Umbrella Insurance?
Umbrella insurance is a supplemental insurance product that is designed to be used in the event you max out the policy limits associated with various types of insurance products, including auto insurance, home insurance, or commercial insurance. For example, if you are involved in a major accident, and your auto insurance policy is not high enough to cover the damage, the other party can personally sue you for the remaining balance. Umbrella insurance would kick in, helping to protect your assets and cover the remaining costs associated with the accident.
Who Can Benefit From Umbrella Insurance?
Anyone who has assets that they wish to protect can benefit from an umbrella insurance policy. An umbrella insurance policy helps to protect your assets, including your home, bank account, and income, from being garnished or taken, in the event you are sued due to not having enough insurance coverage to cover a catastrophic event. An umbrella policy helps to further protect you in the event the unexpected happens.
Give Us A Call
Umbrella insurance helps to supplement the policy limits on various insurance types, including auto insurance, home insurance, and commercial insurance. If you are looking to protect your assets, purchasing umbrella insurance can be beneficial. If you are looking to learn more about umbrella insurance or are ready to purchase a policy in the greater Nashville NC area, reach out to the Steiner Insurance Group today.