How Umbrella Insurance Helps You Avoid Costly Liability Suits

Understanding insurance and how it works to ultimately save you money can be complicated and confusing. One type of insurance that is often difficult to grasp is umbrella insurance.

With that being said, umbrella insurance is one of the most helpful and important types of insurance to look into as you shop around. Let’s explore what umbrella insurance is and how it can save you money by helping you avoid costly liability suits.

Understanding Umbrella Insurance

Umbrella insurance is a type of insurance that goes above and beyond standard insurance policies, such as homeowners insurance or auto insurance. It adds extra liability coverage to your plans, and this is ultimately why it’s so important.

Most auto insurance policies and homeowners insurance policies do have a certain amount of liability coverage. Naturally, this will depend on the plan that you have, but the truth is that the liability coverage for most standard plans is not very much. Umbrella insurance can help take care of the rest.

Here’s an example. Let’s say that you got into an auto accident that was ultimately your fault. Your standard auto insurance plan might cover up to $100,000 in damages for the other party, but if the actual amount of property damage, medical bills, and other costs exceeds $100,000, you’ll be left in the lurch. In this case, liability insurance from your umbrella insurance plan would swoop in and take care of these costs, saving you hundreds of thousands of dollars.

Call Connect America Insurance Agency Today

If you are a Jacksonville, FL resident and you’re interested in learning more about umbrella insurance or adding umbrella insurance to an already existing plan, give Connect America Insurance Agency a call today or stop into our nearest agency location. We are proud to serve the residents of Jacksonville, FL, and one of our agents would love to sit down and discuss your insurance options with you.