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At Assure America, we strive to help protect you and your assets from catastrophic financial loss. In today’s increasingly litigious society, the risk of being sued is greater than ever before. Most home and auto insurance policies have limits on the amount that will be paid in the event of a lawsuit, but courts often award claimants more than is normally covered. Any amount not covered by your primary insurance policy will have to be paid out of pocket. This can sometimes result in losing the equity in your home, giving up your retirement account, or having your wages garnished. Thankfully, umbrella insurance provides protection against this type of loss.
Cost of Umbrella Insurance
Umbrella insurance, at a relatively low cost, provides financial protection beyond what your usual homeowner’s or car insurance policy does. For just a few hundred dollars a year, you can have liability insurance of $1 million or more with an umbrella insurance policy. This makes umbrella insurance one of the most economic insurance policies available.
What Umbrella Insurance Covers
Umbrella insurance does more than just extend the coverage of your home insurance or vehicle insurance. It also provides protection against some types of lawsuits that your primary policies do not. An umbrella policy typically protects you financially from lawsuits regarding slander, libel, defamation of character, false arrest or invasions of privacy. It can even cover you if you are in a car accident in another country or in a rental vehicle that may not normally be covered by auto insurance. Please read our Umbrella Insurance FAQs page for more information.
If you are interested in finding out if an umbrella insurance policy is the right choice for you, please call us or stop by one of our offices conveniently located in Weirton, Wellsburg and Chester in West Virginia; Steubenville, Ohio; Louisville, Kentucky; or Pittsburgh, Pennsylvania.