When it comes to umbrella insurance, think of it as a shield. But don’t be over-excited by the term ‘umbrella’ and think it’s all you need for protection. You’re still going to want to have auto insurance, health insurance, and life insurance. An umbrella policy is just an additional layer of protection on top of those other policies.
At Focus Insurance in Eureka, MO, we work with the best agents to help you choose the right policy and ensure you understand what areas your umbrella insurance can cover.
What Does an Umbrella Insurance Cover?
An umbrella insurance policy is designed to cover you for liability claims that exceed the limits of your other policies. So, if you’re involved in a car accident and the other driver sues you, your auto insurance will pay up to its limit, and your umbrella policy will kick in to cover the rest.
Other things that umbrella insurance covers include:
- Damages caused by a guest at your home
- Injuries caused by your pet
- Libel or slander
- False arrest
- Legal defense costs
An umbrella policy can also cover you for claims that your other policies might not cover. For instance, if you’re sued for causing an accident while on vacation, your auto insurance might not cover the claim since it occurred outside of the coverage area. But, your umbrella policy would most likely provide coverage.
So, an umbrella policy can provide extra protection if you’re worried about being sued. If you’re in the Eureka, MO area, contact Focus Insurance to learn more about Umbrella insurance and how it can help with your lawsuit and other areas.
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.
Have you toiled hard to create wealth in Eureka, MO? Umbrella insurance gives you catastrophic protection to a person or company against devastating financially crippling lawsuits warranting a significant amount of money to cater to damages. To feel secure about shielding your assets and your future, you may require the extra level of protection guaranteed by a prolific personal umbrella liability coverage. Umbrella insurance is an additional policy that cushions the current limits of your other insurance coverages like auto and home insurance get exhausted. Connect with us at Focus Insurance serving Eureka MO today. Our charismatic agents will explain to you the various umbrella insurance options available, guaranteeing your protection in various ways as stipulated below.
Bodily injury liability coverage: It pays for the cost of bodily injuries you inflict on other parties, and you are at fault. It caters to the cost of medical expenses or liability claims propagated by:
- Falling of a visitor on your premises sustaining an injury
- Engagement in a severe auto accident and you are found guilty
- Harm propagated to others by your dog
- Your neighbor’s child falls while playing in your yard
Property damage liability coverage: It reimburses the cost of physical destruction you cause to another party’s tangible property. It entails the cost of damage to cars and other property emanating from an auto accident where you are deemed liable.
Owners of rental unit coverage: It safeguards you from prevailing liability you may encounter as a landlord, such as your tenant’s dog biting someone, and you are deemed liable for the injuries.
Protection is provided if you get sued for:
- Malicious prosecution
- Mental anguish
- False arrest, imprisonment, or detention
- An injurious spoken statement(slander)
Magnificent coverage for you in Eureka, MO is unique. Contact Focus Insurance to establish how to protect yourself and your family with formidable personal umbrella insurance. Our helpful team will assist in tailoring coverage that suits your needs.
If you are a resident of the Eureka, MO area, there are many forms of insurance coverage that could be beneficial to have. A type of insurance coverage that you should consider getting is umbrella insurance. There are a few reasons why someone in this part of the state will need to get an umbrella plan.
Umbrella Coverage Offers Additional Protection
A key reason that you will want to have an umbrella insurance plan is that it will give you additional coverage on top of any current policies you have. Home and auto policies offer some good liability protection but the coverage is limited to the policy cap. If there is a bad accident that exceeds the base plan, the umbrella insurance policy will start to provide you with additional liability protection. This is helpful if you are ever at fault for an accident that has very bad damages.
Umbrella Coverage Covers More Risks
You should also consider getting an umbrella insurance plan as it will cover more risks. A full umbrella insurance plan covers a rather wide range of risks. This can include a variety of liability risks that you may not have thought about otherwise, which are likely not covered by a home or auto insurance plan. This can give you peace of mind that you are prepared for the unexpected.
There are clearly many reasons that make getting an umbrella insurance plan a good option for those that are in the Eureka, MO area. As you are looking for a new umbrella coverage plan in this area, it would be a good idea to speak with Focus Insurance. As you are looking for a new insurance plan, Focus Insurance can provide the insight you need to determine what type and level of coverage is right for your situation.
If you live in Eureka, MO, you may have heard the term "umbrella insurance" fly around a few times. You may have no idea what this term means. Luckily, the experts at Focus Insurance have put together a handy guide to the in’s and out’s of umbrella insurance to help you get the scoop on the umbrella insurance basics. Learn how you can stay protected with umbrella insurance and visit Focus Insurance for a consultation.
What Is Umbrella Insurance?
Umbrella insurance is a type of insurance that provides financial coverage for areas in which your other insurance policies don’t provide coverage. For example, if your health insurance covers hospital stays for three days, umbrella insurance could cover you in the event that you need to stay in the hospital for longer than three days. Here are some of the areas in which umbrella insurance can provide coverage:
- Property damage
- Auto accident
- Medical costs
These are just some of the areas in which umbrella insurance can provide coverage and fill in the gaps left open by your other existing policies. The type of coverage and amount of coverage you receive will depend upon the insurance policy you choose. Visit Focus Insurance to get a consultation.
Why Is Umbrella Insurance Important?
Even though you already may have some existing insurance policies like auto or health, it’s important to have extra coverage that can fill in the gaps. It’s always better to have coverage and never need it than it is to never have coverage and find yourself needing it. Umbrella insurance can provide that extra layer of relief.
Stay Covered with Focus Insurance
When it’s time to find the right coverage, visit Focus Insurance. Our office serves the Eureka, MO area. You can contact us to get a consultation and find the perfect coverage for you.
Depending on your specific life situation and coverage needs, you may want to consider an umbrella insurance policy. But do you need one? That depends. A lot of people who are public figures or who have high levels of assets choose these kinds of policies because they need the additional coverage provided by them. But there are plenty of reasons for other people to select these policies, as well. You don’t need to be famous or have a lot of assets to want to be adequately protected. At Focus Insurance in Eureka, MO, our agents can answer any questions you might have about this kind of coverage to help you decide if it’s going to be right for your situation.
An umbrella policy works to add coverage where other policies leave off, or for the kinds of events that a typical policy might not cover. For example, libel and slander could be covered by this type of insurance, where a homeowner’s policy wouldn’t include those things. You can also use umbrella coverage to receive a higher level of benefits for a covered incident. That’s because this policy is designed to start where your other policies stop. If a problem with your home exceeds the maximum benefit from your homeowner’s policy, for instance, an umbrella policy could protect you further.
When you reach out to us today at Focus Insurance, you can get the kind of information you need to decide if umbrella insurance is right for you. We want to make sure all our Eureka, MO clients have the proper coverage that protects them now and in the future. That’s why it’s so important to talk to dedicated agents like ours, who can give you all the knowledge you’re looking for. Being an informed consumer is very important when selecting an insurance policy, and we want to make sure you have what you need to make a good choice and have peace of mind, as well.
When a major crisis strikes, an umbrella policy can have you covered when your standard insurance isn’t enough. Focus Insurance offers many umbrella insurance options to our friends in and around Eureka, MO. Almost every liability insurance policy you own could be a candidate for an umbrella. Here are just a few examples:
Home Umbrella Insurance
If you host a large event in your home, have frequent visitors, or plan to hire outside help an umbrella policy is an excellent addition to your homeowner’s liability coverage. When someone is injured on your property, you could be liable for their medical expenses. They may even sue. Sometimes the coverage in your standard home policy isn’t enough to cover the cost of injury expenses or your own court defenses. An umbrella policy can cover the difference when your home policy limit runs out.
Auto Umbrella Insurance
Car accidents can quickly become a costly affair, even if you aren’t at fault. While your average auto insurance will cover most run-of-the-mill accidents, it may not be enough in the event of a major catastrophe involving several vehicles or a lot of property damage. Like home umbrella coverage, auto umbrella policies kick in when your regular coverage runs out, providing a safety net so you won’t end up paying out-of-pocket.
Commercial Umbrella Insurance
Owning a small business is challenging even when things are going smoothly. Your average commercial insurance may cover your operations for day-to-day hazards, but it could fall short when your business faces large suits or situations of libel, slander, or cybercrime. In these cases, an umbrella policy could cover risks that are unique to your business, where a standard policy might not.
Don’t be left out in the cold when your liability coverage runs out. We encourage Eureka, MO residents to reach out to Focus Insurance today to learn more about umbrella insurance!
Besides worrying about making payroll and increasing sales, small business owners say that what keeps them up at night is worrying about being sued. There are plenty of good reasons to worry about this. Statistics about lawsuits in America show that businesses have a 100% probability of facing a lawsuit if they have been operating for more than a few years. In other words, it is not about if the business will be sued, it is simply a question of when it will be sued.
Protecting Your Net Worth
As a business owner, you are at risk of losing your business and potentially losing everything you have if there is a lawsuit against you and you lose. Statistic show that 75% of these lawsuits experienced by small businesses are frivolous. Even those may represent significant expenses in legal fees that are needed to be paid to protect yourself. The insurance solution that may provide protection for some of these risks is umbrella insurance.
How does umbrella insurance work?
Umbrella insurance extends the policy limits of other policies that are covered by the umbrella insurance. For example, a business may have a $1 million policy limit on commercial vehicle insurance. If the business loses a lawsuit and the claim is more than $1 million, umbrella insurance may cover the difference. If the business also has umbrella insurance coverage, which extends the commercial vehicle insurance policy limit, it will pay the amount of the claim over $1 million up to the limit of the umbrella insurance.
Typical umbrella insurance limits are in the many millions. Frequently, umbrella policies are $5 million or more. Umbrella insurance may cover the cost of legal expense and risks that are not covered by other policies.
Work with your agent at Focus Insurance, serving Eureka, MO and the surrounding area to design a custom solution of umbrella insurance coverage to protect your net worth, which provides protection for the risks experienced by the business.
Contact your agent at Focus Insurance in Eureka, MO by calling toll-free 866-523-6287 to get a quote for umbrella insurance.
When it comes to protecting your home and family, insurance is a significant investment you need to take advantage of. There are a number of insurance possibilities, each with many advantages, including umbrella insurance. At Focus Insurance, our team is here to assist you with all of your insurance needs, so whether you live in Eureka, MO or the surrounding communities, we want to make sure you’re covered.
What does Umbrella Insurance do?
You invest in specific insurance coverage for varying aspects of your personal and professional life. You have home owner’s insurance, car insurance, boat insurance, and other kinds of coverage based on what you own. However, these kinds of coverages only provide certain levels of liability insurance. If someone slips and falls while they are inside of your home, or walking past on the sidewalk, you may be held responsible and not have the kind of financial assets available to pay for the legal costs.
This is where umbrella insurance comes in. It provides coverage for everything you own, such as with your boat, car, or your home (it is called umbrella because it covers everything). If you are curious as to whether umbrella insurance is right for you and what you own, you can talk it over with your insurance agent and go over all the details. This way, you’ll know if it is a kind of policy you should add.
Umbrella insurance is a valuable addition to add to your insurance portfolio. You need to determine what is best for your personal and household needs. Whatever your needs may be, the team at Focus Insurance is here to assist you. So whether you live in or around Eureka, MO, all you need to do is pick up the phone and give the team a call.