Responsible? A lawsuit can still ruin you. Umbrella insurance extends your financial protection beyond homeowner and auto policy limits. It’s like extra-strength insurance for accidents and injuries, with coverage limits usually ranging from $1 million to $5 million, safeguarding your assets from potential financial ruin. Please contact Bradford Turner Insurance Group to discuss your Umbrella Insurance needs in Cumming, Ga and beyond.
Why consider umbrella insurance? Here’s why:
- Rising Lawsuit Costs: Medical bills, legal fees, and settlements can quickly escalate, leaving you responsible for expenses beyond your primary insurance coverage.
- Peace of Mind: It offers a safety net, ensuring you’re shielded from unexpected financial burdens.
- Broad Coverage: It extends beyond property damage and bodily injury, potentially covering slander, libel, and false imprisonment.
- Affordability: Premiums are reasonable compared to the potential costs of a lawsuit.
Umbrella insurance can be a lifesaver in scenarios like:
- A neighbor’s injury on your property exceeding your homeowner’s insurance limits.
- Costs stemming from your pet accidentally causing harm.
- Legal fees for defending against defamation accusations.
While not necessary for everyone, it’s wise for those who:
- Own valuable assets like homes, cars, or boats.
- Have pets with potential liability risks.
- Possess high net worth.
- Engage in activities with elevated liability exposure, such as renting out property or coaching sports.
The Takeaway:
Umbrella insurance is a valuable tool for protecting your financial security. It’s a relatively inexpensive way to safeguard your assets and peace of mind in case of unforeseen circumstances.
