If you answer yes to ANY of these questions, then you may need an umbrella policy!
DO YOU?
- Drive a car?
- Walk your dog in your neighborhood or local park?
- Have teenagers who drive your car or their own?
- Carpool with other families?
- Watch your friends’ children or utilize babysitters in your home for your children?
- Entertain family and friends at your home?
- Use social media or have a child who does?
- Allow your children’s friends to hang out at your house?
- Own recreational vehicles like boats, motorcycles, jet skis, and golf carts?
- Have a swimming pool or trampoline?
- Employ a house cleaner?
- Hire someone to cut your lawn or plow your driveway?
- Order online and have packages delivered to your home?
- Volunteer and/or serve on a board?
- Coach, referee or umpire youth sports?
If you carry auto or homeowners insurance, you may be asking yourself… “Do I really need an umbrella policy, too?” The short answer is yes, and here’s why.
First, let’s take a look at what an umbrella policy can do for you, and those who also live in your home.
“An umbrella policy kicks in where your homeowners and auto policies leave off – providing you with extra protection and peace of mind should the unexpected happen and a claim or lawsuit be filed against you.” (-The Hanover Insurance Group)
https://www.hanover.com/individuals/products/umbrella-insurance
The next question most have is, who and what does an umbrella policy cover?
“This coverage applies to you and others living in your household, including a spouse, children, or others in your care. It extends the liability limits of your primary insurance policy, including auto, homeowners, watercraft, and recreational vehicle liability; and personal injury liability such as libel, defamation of character, false arrest, and more.”
-Secura Insurance Companies
https://www.secura.net/blog/4-things-you-should-know-about-umbrella-coverage/
Why Do I Need an Umbrella Policy?
The simple answer to this question is, that an umbrella policy will save you and your assets in the long run. “The more assets you have, the more protection you need”(Secura Insurance Companies). Another great reason for an umbrella policy is for those parents with new teen drivers out on the road. Having this extra protection is extremely valuable with the potential risk that comes from being a brand-new driver.
Lastly, an umbrella policy is truly worth the price when you look at the amount of coverage that is being received. Umbrella policies are surprisingly more affordable than people realize!
Contact Simon Insurance Agency today to learn more!
