Umbrella insurance is a special type of insurance that operates as an add-on to existing auto, homeowners, or renters insurance policies. Having umbrella insurance offers protection from financial storms if your primary insurance coverage runs out in the middle of a claim or lawsuit.
Why Oak Ridge, NC, Homeowners Need Umbrella Insurance
A good example of why you should consider adding umbrella insurance to extend your coverage is if someone accidentally injures themselves on your property. If the injured party’s medical bills exceed your insurance coverage, you’ll be on the hook for the balance, which can add up pretty quickly without financial backing.
You can also benefit from umbrella insurance if you’re at fault in a car accident and are sued as a result. Having umbrella insurance as a safety net means extra protection for your personal assets.
Umbrella Insurance Benefits
Your home, finances, savings, retirement accounts, and other personal assets are shielded from out-of-pocket claims covered by primary insurance and umbrella insurance. The major benefits of umbrella insurance include complete asset protection, legal protections from lawsuits and judgments, and peace of mind.
How Can You Get Umbrella Insurance in Oak Ridge?
The best way to learn how you can financially benefit from having an add-on insurance policy is to contact one of our agents. They can review your existing insurance policies and financial circumstances to help you create a comprehensive insurance solution that protects your family’s interests.
Learn more about how to get complete financial protection by contacting Oak Ridge Insurance Services.
