Home and auto insurance are essential components of financial protection for many individuals and families in the Nashville, NC area. However, there are situations where the liability coverage provided by these standard policies may not be enough. That’s when you need supplemental help from your insurance provider.
Why Umbrella Insurance Is Valuable
The reasons are as follows:
- Increased Liability Limits: Umbrella insurance significantly boosts your liability coverage. If a claim or lawsuit exceeds the limits of your primary policies, your umbrella policy steps in to cover the excess amount, protecting your assets.
- Broader Coverage: Umbrella insurance covers many liability situations that may not be included in your home or auto insurance policies. This includes incidents like slander, libel, false arrest, and more.
- Peace of Mind: Knowing that you have an additional layer of protection provides peace of mind. You won’t have to worry as much about a lawsuit or claim depleting your savings or assets.
What Umbrella Insurance Covers
Umbrella insurance provides coverage for various liability situations that pop up unexpectedly, including:
- Auto Accidents: If you are involved in a severe accident where the damages and injuries exceed your auto insurance limits, your umbrella policy can cover the excess.
- Home Incidents: If someone is injured on your property and their medical bills exceed your home insurance limits, umbrella insurance can provide additional coverage.
- Legal Fees: Umbrella insurance covers legal expenses, such as attorney fees and court costs, which quickly add up in the event of a lawsuit.
- Personal Liability: It protects you from personal liability claims, including those related to defamation, invasion of privacy, or false arrest.
Steiner Insurance Group Can Help You
At Steiner Insurance Group, we can help answer questions concerning umbrella insurance. We serve the Nashville, NC area. Contact us today.