Additional Insurance

Why You Need it

Umbrella insurance provides crucial extra liability coverage, offering an additional layer of protection from major claims and lawsuits. This form of coverage is designed to protect your assets and future from severe legal or financial troubles. Sometimes, accidents are so catastrophic that the liability limits on your underlying policies get exhausted. In such scenarios, an umbrella policy steps in to give you the extra protection that your auto, homeowners, or boat insurance might not cover.

The Importance of Umbrella Insurance

If you have valuable assets that exceed the liability protection included in your auto or homeowners insurance policy, this type of insurance is essential. Assets can include anything from college or retirement savings to a vacation home, stocks, or bonds. Without this extra coverage, a significant claim or lawsuit could deplete your savings and other valuable assets, leaving you financially vulnerable. Therefore, investing in an umbrella policy ensures that you have comprehensive protection against unforeseen liabilities.

What Umbrella Insurance Covers

Each policy can be customized to fit your specific needs. However, there are common benefits that you can expect if you choose to invest in this type of insurance:

• Coverage of $1 million or more
• Liability protection that extends beyond the limits of your traditional auto, homeowners, and boat insurance policies
• Protection against libel or slander claims
• Compensation for attorney fees and other expenses associated with lawsuits
• Coverage for all residents of your household
  
  

For more information about the extensive benefits of this coverage, contact Nickerson Insurance Services, Inc. Our knowledgeable agents are ready to explain the policy in detail and help you fully understand your coverage options.

Investing in umbrella insurance provides peace of mind, ensuring that you and your assets are well-protected against significant liabilities. Don’t wait until it’s too late – consider the security that this policy can provide today.