Why is having an umbrella policy important?￼
What is an umbrella policy?
An umbrella policy is an insurance policy that protects your assets if you are sued. People from all walks of life are sued every day, and the reasons for this can vary wildly. When you have an umbrella policy in place, you can keep hold of your assets if you are involved in a lawsuit.
Umbrella policies can protect you from virtually everything that your home and auto insurance won’t. It can also fill gaps if you have exhausted the limits of other policies. Another term for an umbrella policy is excess liability. It’s normally possible to buy up to 5 million dollars of excess coverage, although some people can purchase up to $25 million of cover.
How can I get this kind of cover?
An insurance company is much more likely to offer you this coverage if your home and automobile is already insured with them. You may also need to keep a specific level of liability on both your home and auto insurance policies.
How much does coverage tend to cost?
The cover may be cheaper than you expect. Some people have been able to get $1 million in excess liability for a very modest monthly fee. The kind of assets you may be able to cover in an umbrella policy can include your home, vehicles, boats, and motorcycles, to give just a few examples.
Who can provide me with an umbrella policy?
If you do have assets to protect in the event that legal action is taken against you, help is available. At Crowel, we can help you find the ideal umbrella cover for your needs. We have been one of the most prominent Indiana insurance companies on the market for many years, and have been serving the businesses and individuals of the local area for almost six decades. We are only happy when we’ve been able to source the perfect level of coverage for your needs, and we are not tied to any specific insurance provider. As we are a totally independent service, we’re only motivated by getting the cover that you’re looking for.
We are ready to hear from you right now if you need an umbrella cover in Indiana. We are specialists in all areas of insurance and a leading source of cover for homes, automobiles, and businesses. Our expert insurance advisors are always on hand to provide you with any advice that you need about protecting your assets with insurance. To reach us today simply send us a text or give us a call. Alternatively, you can complete the form on our website and we’ll get back to you as quickly as we possibly can.