If your insurance agent has ever suggested that you consider umbrella insurance, you may have wondered why? Most people don’t really understand what umbrella insurance is and why they should have it. At Insurance Shopper VA in Virginia Beach, VA, as independent insurance agents, we work for our customers. We represent many top-rated carriers and we are able to find the right policy at the right price.
To understand umbrella insurance, you need to think of an umbrella. You are your assets and the umbrella is umbrella insurance. When rain is falling, your umbrella protects you from getting wet and your umbrella insurance protects your assets from being affected by the many adversities that the world can throw at you.
Umbrella is excess liability insurance. What that means is that it is an extra layer of liability protection. It works with other policies that you have that offer liability coverage. In the event that you have an accident that causes injuries, your primary insurance will cover your liability up to the limit of your policy. If the injuries go beyond the primary limit, your umbrella insurance will pay up to the limit of that policy. It is an extra layer of peace of mind.
Many policies that you may already own have a liability component. Your one umbrella policy works with all of them to offer you the protection you need. Some people believe that umbrella insurance is only for the wealthy, but nothing could be farther from the truth. If you have any assets, they can be at risk of a lawsuit and you have worked too hard for whatever assets you have to allow them to be in danger.
Contact Insurance Shopper VA in Virginia Beach, VA when you are ready to consider purchasing this very important insurance.