Umbrella insurance policies are, as the name implies, an umbrella to protect you when your world is falling apart. All insurance coverages have limits to the liability coverage they offer. An umbrella policy will cover you for any amount beyond that when you are at fault, or ruled responsible, for something bad that happens. Janis-Shunta Insurance in Muskegon, MI can help you decide if an umbrella policy is right for you.
Most accidents do not cause catastrophic damage and liability coverage is often enough. Umbrella policies are rarely used and not very expensive for that reason. It is nice to have the peace of mind to know you are covered if the worst happens.
If you own a home, a car, or have good savings account with investments, you have a lot to lose. It is possible to get into a car accident and have damages of $500,000 or more. It is possible to get sued by someone who gets hurt on your property and be ordered to pay millions in court. If you have a standard policy with a $300,000 liability limit, you will be responsible for paying everything beyond that amount. You could lose your house, your savings, basically everything.
An umbrella policy protects you there and can protect you for things like slander and plagiarism violations. This is useful for people with life savings and about to retire, or for people with a lot of property to protect. It is also useful for people who have a moderate amount of property and want the peace of mind of knowing they are protected.
Stop by or call Janis-Shunta Insurance today in Muskegon, MI to learn more about umbrella insurance coverage. You must have insurance with us, or a policy on your home and car in order to get this extra coverage.