Should I Bother with Umbrella Insurance?

Umbrella insurance comes to your rescue when faced with significant claims exceeding the limits of your auto, boat, or home insurance. But is umbrella insurance worth it? Focus Insurance of Eureka, MO has the answer.

Who should bother with umbrella insurance?

Not sure why you should invest in umbrella insurance? Umbrella insurance can save the day when you least expect it. Here is why you need umbrella insurance:

To protect your assets

If you are starting your career, you don’t need umbrella insurance. However, umbrella insurance starts making sense after accumulating assets, like a home or vehicle.

Suppose you are at fault for a car accident that results in significant property damage and injuries to other people on the road. While you have auto liability insurance, it certainly doesn’t have a sufficient limit to cover the ensuing third-party costs. Your properties, including your home and future earnings, will be at stake with insufficient insurance. See how one event can ruin your finances?

Luckily, if you have umbrella insurance, it takes over from where your conventional liability coverages leave off. It protects your assets and future earnings when significant liability claims come calling. More so, umbrella insurance isn’t for individuals only. Umbrella insurance can step in when your general liability coverage runs out if you have a business.

Lawsuits can strike anytime.

You might think that lawsuits are a preserve for certain people, but anyone can be sued in America. We live in a litigious society where you can virtually be sued for anything. Regrettably, when legal cases aren’t judged in your favor, you can quickly slump into financial turmoil. However, when you have umbrella insurance, it can protect you when sued by third parties.

Umbrella insurance in Eureka, MO

Are you looking for affordable umbrella insurance in Eureka, MO? Please get in touch with Focus Insurance for a reasonable quote.