- Chen & Associates
Umbrella Insurance 101
Do you know what umbrella insurance can do for you? Learn more today!
What's Under the Umbrella?
Of course, you don't need to insure your umbrella. But as an umbrella keeps off the rain, umbrella insurance helps extend auto and home policies. Not only that, it may even cover some things that car and homeowners insurance policies don't protect you against. If you've got a lot to lose, this kind of coverage may be the most affordable way to protect yourself.
Extra Liability Insurance
Liability limits on typical home and auto policies are fairly modest when compared to the value of new homes and cars. Clients can purchase umbrella insurance in increments for the right amount of extra protection at the right price.
You have a legal right to defend yourself against claims of injury or loss, but lawyers are expensive. Not only will umbrella insurance help you pay claims, it can help pay for legal defense.
Some umbrella insurance policies can get modified to cover more unusual risks that are not typically mentioned in an ordinary policy.
It is common for people to think that no one is going to sue them. You may not be at risk of getting a lawsuit today, but you never know what holds in your future. This is why umbrella policies are a must have.
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