3 reasons why you need umbrella insurance at home

Posted on by agentinsure

You probably already have a home insurance cover and are wondering whether you need to buy umbrella insurance. Yes, you do, and here is why. It is essential to note that your home insurance cover has limits to what it can cover. When it comes to treasured home possessions, you don’t want to be taking chances. An umbrella insurance policy provides extra coverage to cover what is not covered under the home insurance cover. If you are a resident at Pismo Beach, CA, talk to our insurance agents at  Neff & Associates Insurance Services Inc for further information.

What is umbrella insurance?

This is personal liability coverage that covers claims over and above your regular insurance cover. The extra coverage covers financial liability as result of injuries, lawsuits and property damage.

Do you need umbrella insurance?

  • lawsuits

In case of a lawsuit, umbrella insurance covers your legal fees in case you lose the lawsuit. In instances where you win the case, the policy covers your lawyer fees. Where accidents happen within your property, you are likely to be sued for physical and emotional pain caused. Umbrella insurance policy allows you to have a peace of mind as you entertain your guest as the legal liability is covered by this policy.

  • Personal property damage

Umbrella insurance covers damages caused by other people’s property as a result of an accident. Where damage caused is intentional, this is not covered. The benefits only come into play when the underlying policy limits have been exhausted.

  • Bodily injuries

Where accidents happen within your property, the umbrella insurance covers for the medical expenses over the limits of your medical insurance cover.

Who needs umbrella insurance coverage?

Accidents can result in huge financial liability that you are not prepared for. Umbrella insurance is beneficial to everyone. Kindly visit us at Pismo Beach, CA, and talk to our  Neff & Associates Insurance Services Inc insurance agents who will guide through the process of purchasing an umbrella insurance policy.