Homeowner’s insurance and a comprehensive auto policy should be all you need to completely protect your family in the Pismo Beach, CA area, right? Well, not exactly. While standard insurance is an important first step, what would happen if you should incur a catastrophic loss such as a personal lawsuit or an extensive automobile accident? Homeowners and auto policies will cover you for most cases, but it’s always safest to have an umbrella policy in place to cover you in case of extraordinary loss or damage.
Here’s answers to your top questions about umbrella insurance.
What is Umbrella Insurance?
Any policy above and beyond your traditional coverage is considered an umbrella policy–because it extends the coverage cap on specific types of claims such as personal injury, home or property damage that occurs in or around your home. While existing policies may have what feels like an extensive cap, there can be a significant impact to your family should a claim exceed those maximums.
Can Umbrella Insurance Replace Auto or Homeowner’s Insurance?
No, it cannot. Umbrella insurance is a supplemental insurance. With the number of lawsuits growing on an annual basis and the sums that juries award to individuals and groups continuing to skyrocket, umbrella insurance can help pick up where your existing policies stop–but they do not replace your original liability insurance. Professionals from Neff & Associates Insurance Services Inc can help individuals in the Pismo Beach, CA area figure out what the right mix of insurance services are for your particular needs.
Where Can I Get Umbrella Insurance?
Umbrella Insurance can be most effective when you work with the same insurance company for both your initial auto and home insurance as your umbrella insurance. Neff & Associates Insurance Services Inc can work closely with you to ensure that you have the right amount of insurance. The amount of insurance that you need depends on your personal financial situation.
Contact the friendly professionals at Neff & Associates Insurance Services Inc in the Pismo Beach, CA area to learn more about umbrella insurance and how you can ensure you’re covered for all of life’s emergencies.