You may have insurance for your home, your car, your health, and your life, but do you have umbrella insurance? Umbrella insurance is designed to give you an extra layer of protection in the event that you are sued or held liable for damages. If you’re considering getting umbrella insurance, Capital Insurance in Spokane, WA is here to guide you.
Here are a few of the advantages of having umbrella insurance:
It Provides Extra Liability Coverage
Your home, auto, and health insurance policies all come with liability coverage. This coverage protects you financially if you are sued for damages or if you are found responsible for an accident. However, the liability limits on these policies are usually quite low. Umbrella insurance kicks in when you have exhausted the liability coverage on your other policies. This can be a lifesaver if you are facing a large lawsuit.
It Can Cover Certain Expenses That Other Policies Don’t
Even if you have great health insurance, there are certain expenses that may not be covered, such as long-term care or dental care. An umbrella policy can help fill in the gaps by covering these expenses. In addition, most umbrella policies will also cover you for lost wages if you are unable to work due to an injury.
It’s Relatively Inexpensive
When you consider the peace of mind that umbrella insurance provides, it’s actually quite affordable. For a few hundred dollars per year, you can get coverage that will protect your assets in the event of a lawsuit.
Contact Us Today
Umbrella insurance is one of those things that you hope you never need to use, but it’s nice to know it’s there just in case. If you don’t already have umbrella insurance, speak with your agent about adding it to your existing policy. It could save you a lot of money and headaches down the road. Contact Capital Insurance in Spokane, WA for all your insurance needs.
