Most people traditionally believe that umbrella insurance is just for the super-wealthy. While this may be true to some point, it isn’t the gospel truth. Anyone with protected assets should have umbrella insurance from Western Republic Insurance Services of Huntington Beach, CA.
What is umbrella insurance?
Umbrella insurance gives you extra liability coverage beyond what’s offered by your home, auto, or boat insurance. Umbrella insurance rides on existing policies and kicks in when your standard insurance policy is exhausted. For instance, if you have car liability insurance of $200,000 and cause an accident of $450,000. Auto insurance will cover the $200,000, but umbrella insurance will top up the difference of $250,000 instead of paying from your pocket!
Why umbrella insurance isn’t a preserve of the rich only
While umbrella insurance protects the rich and famous, anyone earning a livelihood must invest in this coverage. Given that anyone is at risk of lawsuits in America, you better have sufficient liability coverage to cover liability claims and legal suits when taken to court.
Again, you might not be in the million-dollar category, but you have assets that you have worked so hard in life to acquire. Consider umbrella insurance if your car, boat, or home insurance isn’t enough to cover your assets. This way, you know that no one will come to claim the assets you have worked so hard to accumulate.
Who needs umbrella insurance the most?
Some people need umbrella insurance more than others. Consider umbrella insurance today if you have significant assets or are highly likely to be sued. For instance, you need umbrella insurance ASAP if you:
- Own a business
- Own rental houses
- Have a home or vehicle
- Coach youth sports
- Own a dangerous pet
- Participate in high-risk hobbies like archery
Want to invest in umbrella insurance in Huntington Beach, CA? You can trust Western Republic Insurance Services for all your umbrella insurance needs. Call us today to get the conversation started.