When it comes to protecting your assets, sometimes your standard insurance policies just aren’t enough. At The Select Insurance Agency, which serves the greater Coppell, TX region, we often recommend umbrella insurance as a way to provide an extra layer of security. But what exactly are the benefits of umbrella insurance?
Extra Liability Protection
Umbrella insurance kicks in when the liability limits of your home, auto, or boat insurance have been reached. Imagine you’re involved in a major car accident where the medical bills and legal fees exceed your auto policy’s limits. Without umbrella insurance, you could be left paying out of pocket. However, an umbrella policy covers those extra costs.
Coverage Beyond the Norm
Not all situations are covered by traditional insurance policies. Umbrella insurance can extend to incidents like libel, slander, and false arrest. For example, if you’re sued for defamation due to something you posted online, your umbrella policy can cover legal expenses. This is especially important in our increasingly litigious society.
Affordable Peace of Mind
One of the surprising benefits of umbrella insurance is its affordability. Given the extensive coverage it provides, an umbrella policy is relatively inexpensive. This cost-effective solution can safeguard your financial future without breaking the bank.
Protecting Your Future
If you’re liable for a significant amount, your savings, retirement funds, and future earnings could be at risk. Umbrella insurance helps protect these assets, ensuring that an unexpected event doesn’t derail your financial plans.
At The Select Insurance Agency, we believe in comprehensive protection. Umbrella insurance is a wise investment in your peace of mind and financial security. For more information on how umbrella insurance can benefit you, stop by our office in Coppell, TX, or give us a call today to get started.
