What is Umbrella Insurance?
An umbrella insurance policy provides an additional layer of liability insurance over and above the liability limits available to you under your homeowners or auto insurance policy.
We always recommend that our clients purchase an umbrella policy. For a pretty reasonable cost, you can provide a limit of insurance to protect you from a potentially bankrupting claim.
In no particular order, here are some reasons you might want to consider an umbrella policy. If any of these reasons apply to, or concern, you – give us a call and we’ll provide you with a quote.
Top Reasons to Buy an Umbrella Insurance Policy
Legal Defense can be Expensive – Insurance covers not only judgments against, but the cost to defend you as well. You want the insurance company to to go to any length to defend you before your limits run out.
Car accidents can spiral quickly – If you lose control on an icy road and ultimately end up causing a pile-up, you could held liable for the damages caused to every person and every vehicle involved in the crash. The $100,000 of auto liability you carry isn’t going to last very long.
High Net Worth – The more you are worth, the more you will be sued for, regardless of the other party’s injuries. It’s just a fact of life that people with more money (or the appearance of more money) are bigger targets for large lawsuits.
You Drive a Lot – The more you are on the road, the more likely you are to be involved in an accident. The odds aren’t in your favor.
You Like to Have Fun – Trampolines, boats, ATV’s all create high liability situations.
Your Dog is on a List – Without arguing the characteristics of the breeds, pit bulls and German shepherds are considered to be high risk animals. If you own one, you could be held to a higher standard of care – and higher judgments.
There are a myriad of other reasons to buy an umbrella policy, and they all come down to the fact that an auto or home policy will protect you for a normal claim, but an umbrella policy can help protect you from that “abnormal” claim. IF you watch the news, you’ll quickly begin to realize that “abnormal” claims aren’t all that abnormal after all.
Give a call and we’ll quote an umbrella policy for you today.
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About David Dempsey Insurance Agency
Founded in 1984 by David Dempsey, David Dempsey Insurance Agency serves Rome, GA, Floyd County Georgia, metro Atlanta and surrounding area. Focusing on insurance for families and individuals, we don't provide quotes - we provide auto and home solutions for our fellow community members. We also specialize in insuring retail businesses, restaurants, health clubs and child care / home care centers.