Don’t Get Caught in a Storm Without An Umbrella

Written by on 4/18/2017 5:05 AM . It has 3 Comments.

Even the best moments can go bad without warning. Imagine your next house party. You invite your friends, family, and the neighbors. The food is delicious, the kids have fun in the pool, and everyone is having a good time.

Until someone falls and gets hurt or eats bad dip that got a little warm. They’re sick or hurt, but they tell you when it happens that everything is fine. “Don’t worry about us,” they say. So you don’t. You apologize and bring them chicken soup but you don’t think much else about it.

To be on the safe side, you call your insurance company. They take down the information and say they’ll handle everything from there. Fast forward a few weeks, and you find out that the claim is going to cost thousands of dollars and your neighbors want to sue for more because of mental anguish and an inability to work.

Your liability insurance is only going to pay up to your policy limits. You can do the math, and this is quickly exceeding your coverage. What do you do?

Do you have an umbrella insurance policy?

What is an Umbrella Insurance Policy?

An umbrella insurance policy is a form of liability insurance. It supplements your other liability coverage and pays the excess amount if you have a claim that goes over and above your normal coverage limits. It can be used for personal liability through your homeowner’s insurance or your auto insurance policy.

Umbrella policies are also good for businesses where claims can become very large rather quickly. Almost any form of liability coverage can benefit from an umbrella policy. Consider it an added layer of protection. Best of all, it’s not that expensive. A million dollar policy can cost as little as $150 for the year.

How Does an Umbrella Insurance Policy Work?

Take our earlier scenario. Without an umbrella insurance policy in place, you would have to pay the difference between the claim and what your insurance company pays. If you don’t have the cash, your assets could be used instead - that includes your home, your car, or your investments.

With an umbrella policy, your insurance company will pay the first part, up to your policy limit. Then the umbrella coverage kicks in and pays the rest, up to that policy’s limit. When you buy an umbrella policy, it’s a good idea to get the most amount of coverage you can afford because there’s no way to know how expensive a big claim might get. Not only will this coverage help pay for damages in a claim, it will also help pay your legal defense if you end up in court.

No one wants to think about a big car accident or a slip and fall that turns into a multimillion dollar lawsuit. Those things only happen to other people, right? Wrong. They can happen to anyone. With a good umbrella insurance policy, you don’t have to worry about the big claims because you’ll be covered no matter what happens.

Ready to look into additional coverage? Contact us at Charlotte Insurance for a free quote on your new umbrella policy.


Got something to say? Join the discussion »
  1. yanxia39's avatar yanxia39 pandora jewelry fitflops clearance nike vapormax jordan 5 jordan shoes pandora jewelry official site birkenstock outlet fitflop under armour curry 3 air max 90 puma clyde pandora jewelry official site ultra boost mens louboutin shoes kyrie 2 shoes ultra boost lebron 15 salomon speedcross 4 yeezy 750 adidas yeezy boost 350 kevin durant shoes hermes bag longchamp backpack nike air force kate spade backpack
    Reply 4/29/2018 9:37 AM
  2. yanxia39's avatar yanxia39 pandora bracelet kd 5 puma sneakers mens adidas ultra boost stephen curry new shoes pandora bracelet hermes wallets adidas boost kate spade laptop bag nike air max 2016 jordan 3 nike air max 2016 fitflop shoes yeezy boost 350 v2 vapormax kevin durant shoes fitflop sandals salomon louboutin shoes men kyrie irving shoes pandora bracelet adidas ultra boost longchamp bag jordan retro 12 birkenstock shoes
    Reply 5/14/2018 1:04 PM
  3. Yeezy V2 Sales's avatar Yeezy V2 Sales
    yeezy v 2の販売,환상 판매,La vendita Yeezy V2,Yeezy V2 de vente,En el mercado yeezy V2. Zebra Yeezys Zebra Yeezy Yellow Yeezy Yeezy Sale Yeezy V2 Yeezy For Sale Yeezy Cream Yeezy Boost V2 Yeezy Boost 750 Yeezy Boost 700 Yeezy Boost Yeezy Blue Tint Yeezy Blue Yeezy Beluga 2.0 Yeezy Beluga Yeezy 2018 Yeezy White Yeezys White Yeezy Where To Buy Yeezys Ultra Boost Adidas Ultra Boost 4.0 Ultra Boost Supreme Yeezy Real Yeezys Cheap Yeezy Blue Tint Yeezy Black Yeezys Black Yeezy Beluga Yeezy Zebra Yeezys Yeezy V2 Boost Yeezy V2 Yeezy 350 V2 Yeezy 2018 Yeezys Shoes Yeezys For Sale Yeezys Boost 350 V2 Yeezys Boost 350 Yeezys Yeezy'S Yeezys Yeezy Zebra Yeezy Yellow Yeezy V2 Boost Yeezy V2 Adidas Yeezy V2 Adidas V2 350 Yeezy Slippers Yeezy Shoes Yeezy Sale Yeezy Price Yeezy Pirate Black Adidas Shoes For Men Adidas Shoes Yeezy Boost V2 Yeezy Boost 750 Yeezy Boost 700 Yeezy Boost 350 V2 Zebra Yeezy Boost 350 V2 Outlet Yeezy Boost 350 V2 Footlocker Yeezy Boost 350 V2 Blue Tint Yeezy Boost 350 V2 Beluga Yeezy Boost 350 V2 Yeezy Boost 350 For Sale Yeezy Boost 350 Foot Locker Yeezy Boost 350 Yeezy Boost Yeezy 750 Boost Yeezy 750 Yeezy 700 Yeezy 500 Yeezy 350 V2 Yeezy 350 Boost V2 Yeezy 350 Boost Yeezy 350 Yeezy 2018 Blue Tint Yeezy Black Yeezys Black Yeezy Beluga Yeezy Adidas Yeezys Adidas Yeezy V2 Adidas Yeezy Yeezy 2018 Supreme Yeezy New Yeezys New Yeezy V2 New Yeezy Cheap Yeezy Adidas V2 Uk Moncler Coat Uk Moncler Moncler Uk Online Moncler Uk Moncler Uk Outlet Moncler Uk Moncler Jacket Outlets Moncler Jacket Moncler Uk Jackets Moncler Jackets Goose Down Jackets Canada Goose Uk Nfl Jerseys Nfl Jersey Cheap Nfl Jersey Nfl Jersey Cheap Nfl Jersey Nfl Cheap Jerseys Cheap Nfl Jerseys Cheap Nfl Jersey Nhl Jerseys 2018 Nfl Jerseys For Sale Nfl Jerseys Cheap Nba Jerseys Cheap Nba Jerseys 2018 Nba Jerseys Cheap Jerseys Cheap Jersey 2018 Us Cheap China Jerseys Air Max 2018 2018 Nike Air Max 2018 Air Max Nike Vapormax Nike Air Vapor Max Vapormax Vapor Max Nike Vapor Max Vapormax 2018 Vapormax Vapor Max Nike Vapor Max 2018 Worldcup 2018 World Cup Soccer 2018 World Cup Russia 2018 World Cup Russia World Cup Football 2018 World Cup Football World Cup 2018 Warriors Jersey Nba Warriors Golden State Warriors Michael Kors Factory Sale Michael Kors bags Michael Kors Jordan Air Cheap Jordan Shoes Air Jordan Shoes Air Jordan Asics Shoes Asics Cheap Fitflop Fitflop Clearance Fitflop Sale Clearance Discount Fitflop Fitflop Outlet Fitflop Clearance Outlet Clearance Fitflop Cheap Pandora Charms Pandora Charms Sale Clearance Pandora Charms Wholesale Pandora Jewellery Pandora Wholesale Pandora Jewellery Wholesale Pandora Jewelry Pandora Outlet Pandora Charms Outlet Pandora Rings Pandora Bracelets Canada Goose Canada Goose UK Down Jackets For Women Canada Goose UK Jacket Canada Goose Jacket UK Canada Goose Jacket
    Reply 6/12/2018 3:01 PM

Leave a Reply

 [Quick Submit with Ctrl+Enter]

Remember my details
Notify me of followup comments via e-mail