You carry around an umbrella “just in case” it rains and that’s ultimately why you have umbrella insurance as well.
Umbrella insurance is one of the few types of insurance that people don’t truly understand. You carry around an umbrella “just in case” it rains and that’s ultimately why you have umbrella insurance as well. In the event that there is an accident with your home, car, or other personal item, the umbrella insurance policy kicks in to go above and beyond the amount that your standard insurance provides.
As an example, if you have a homeowner’s insurance policy that provides for $50,000 worth of damages and you have $75,000 worth of damages, which leaves $25,000 that you would have to pay out of your own pocket. That’s a lot of money, but if you had an umbrella insurance policy, it would kick in to provide you with the additional coverage.
It can be more cost effective to have umbrella insurance in addition to lower coverage levels on your other insurance. At McLeod Insurance Agency, we take the time to talk you through all of the possibilities and look at the cost of a premium. Many times, we are able to find discounts and ways for you to lower the premium, which can save you a considerable amount of money over the course of the year.
If there is a significant accident or incident and you exceed the coverage allotted within a policy, it could send you into financial ruin and bankruptcy. There is no telling whether an event will do this when you get a policy and therefore your goal should always be to expect the unexpected. Insurance is available for a reason – to provide you with protection.
Our agents are experienced with umbrella insurance and can explain the benefits as well as how it is capable of paying for itself the first time you need to make a claim. Learn more today by calling to speak to one of our agents. It may end up being the best insurance policy you get.
Asheboro, NC 27203