Posted by Stateline Insurance & Financial Services, Inc. on
When you own a home or car, you understand the importance of securing sound, reliable insurance protection. However, did you know that in the event of a costly claim that exceeds the liability limits of your policy, you could be forced to pay thousands in out-of-pocket expenses? To proactively safeguard your financial future, we recommend adding umbrella insurance.
An umbrella policy takes over where your homeowners and auto insurance coverage stops. It protects you if you are sued or found liable for causing injury to someone or their property. This could result from an accident in your home or while driving in your car.
Considering that a person found at-fault could be held accountable for expenses such as medical bills, physical therapy, lost wages, legal fees, and pain and suffering, the typical home and auto insurance policy may not provide enough coverage. An umbrella policy, however, can provide as much as ten times the amount of coverage as a traditional home or auto policy.
Adding an umbrella policy ensures that you and your family are protected from financial ruin resulting from an excessive lawsuit. It provides a large amount of protection without a large price tag. Give yourself some peace of mind and call Stateline Insurance at 438.8345 to learn more about umbrella insurance.