Umbrella Insurance Takes Over Where Other Coverage Stops

What happens if an event occurs that requires more coverage than you currently have with your property or vehicle policies? Contact the insurance professionals at Jim Boyce Insurance of Matthews, NC. We can answer this and all your other questions regarding umbrella insurance.

Umbrella insurance provides extra protection on top of your current coverage. It can give you $1 million worth of coverage in addition to your homeowners or automobile policy limits.

Without umbrella insurance coverage, you could wind up paying out of pocket for damage to someone’s property or if you injure someone. Your existing policies may not provide enough coverage for:

  • Damage or injuries caused by your renters
  • The damage you cause to the property of others
  • Injuries you cause to others
  • Lawsuits such as defamation or slander

Without an umbrella policy, your savings or property could be at risk if you are involved in a lawsuit or major accident. Lawsuits can happen to anyone – not just the wealthy. You can be sued even if you feel you are not at fault.

Liability claims are usually expensive. Paying for them out-of-pocket could take several years. Umbrella insurance will cover the cost of your legal defense.

It goes without saying that the more you have, the more you stand to lose. Don’t let an accident or event jeopardize everything you have worked hard for. Lawsuits are becoming increasingly common. Be prepared. An umbrella insurance policy will protect you beyond your standard auto or homeowner’s policies.

The insurance professionals at Jim Boyce Insurance can help answer all your questions about why umbrella insurance would be right for you. Contact us today. You will be glad you did.