Making sure your family and personal assets are protected is incredibly important. With umbrella insurance, you can add extra liability coverage that covers other essential items including homeowners insurance and your automobiles. Umbrella insurance can protect you from incredibly devastating claims or legal action that can be taken against you if it involves your personal assets. The benefits of umbrella insurance kick in once your baseline liability limits have been reached for your assets. This includes incidents such as:
As mentioned before, umbrella insurance can go above and beyond to protect you financially once your liability limits have been reached. If you get into a car accident, liability insurance can cover the costs of repairs. However, this may not be enough to cover the cost of the other driver's medical bills if he or she were injured in the accident. Umbrella insurance gives you the extra amount of protection in the event of unforeseen accidents. Though umbrella insurance adds extra coverage to specific assets, here are some items that it does not cover:
Wood Insurance Consultants LLC proudly services the North Carolina area. If you are in need of umbrella insurance, let one of our experts help you find the right plan for you. Wood Insurance Consultants LLC can provide you the necessary information you need to stay informed on the benefits of umbrella insurance. Give us a call if you are in the North Carolina area to schedule your professional consultation. We will help you get the right coverage you need so you can have the peace of mind that you deserve.