Umbrella Coverage
Like it or not, living your life exposes you to liability every day of the year. With today’s seeming endless stream of litigation, umbrella insurance provides more than piece of mind, it could very well protect you from financial ruin. Umbrella insurance is a type of liability policy that protects the assets and future income of the policyholder beyond the limits set on primary policies.
Discuss with your Independent Insurance Agent the limits of your current policies including your auto insurance and homeowners’ insurance. Is umbrella insurance right for everyone? Ask yourself these questions: Do you own your own home, do you have assets other than your home(s), do you have a retirement savings account or investment portfolio? If you answered yes to any of those questions: You may need umbrella insurance to protect your assets.
It is important to understand that umbrella insurance, also known as excess liability, covers you for many instances apart from your cars or homes. Umbrella insurance can offer personal injury protection including false arrest, false imprisonment, malicious prosecution, defamation, invasion of privacy, wrongful entry and eviction.
Contact an IOA Insurance representative today to discuss your requirements, someday, you could very glad you did.