Umbrella Insurance
It’s better to be safe than sorry. Those are wise words to live by and those who abide by them have likely made it through some difficult circumstances due to their abundance of precaution.
Insurance plans are offered today so that people can at least have some form of protection against unforeseen events that can be damaging in more ways than one.
However, there are instances wherein the conventional forms of insurance may not be enough. This is especially true for folks who can be considered as prime targets for lawsuits. Even if a lawsuit filed against you has no substance, fighting it may eat up a lot of your time and still cost you money.
Securing extra protection when you can is ideal and that is precisely what umbrella insurance is for. Iowa residents can work with us at Clemens Agency for all matters related to umbrella insurance.
For those who don’t know a lot about this type of insurance, please go ahead and read on.
What Is Umbrella Insurance?
Also known as excess liability insurance, umbrella insurance is designed to essentially serve as additional protection for policyholders.
Homeowners insurance may protect you from getting sued if someone accidentally gets injured on your property, but it may still have some loopholes that enable some lawsuits to get through. You can’t feel completely secure with just a homeowner's insurance policy.
Even if an incident takes place on your property that is covered by your home insurance policy, the coverage it provides may not be enough. This could be the case if the individual in question sustained some serious injuries.
With an umbrella policy under your name, you will not have to pay the additional amount as your plan will handle it.
Umbrella Insurance Is Not Just for Homeowners
By the way, you can also secure umbrella insurance for other things apart from your home. It can also be a smart purchase for car owners and those who operate water-based vehicles.
Residents of Iowa will be best served to find an umbrella insurance policy that fits them ideally. If you want your own plan, be sure to pay a visit to us at Clemens Agency as we are more than happy to help.
