It’s important you to know about umbrella insurance since this type of insurance coverage can be a significant tool for your financial security. South Carolina Federal Insurance Solutions can help you understand how this coverage can help safeguard your current lifestyle.
The following are three things that might surprise you about umbrella insurance coverage.
You don’t have to be extremely wealthy to benefit from umbrella insurance.
Umbrella insurance is often associated with the wealthy. However, this coverage is beneficial to anyone who wants to protect their financial assets from life’s unexpected events.
If your net worth is higher than the maximum coverage limits on your home or auto insurance policies, you may need a higher level of liability insurance.
Umbrella insurance coverage doesn’t directly protect your belongings.
Umbrella insurance is a type of insurance that covers liability expenses only. You will never be compensated by your umbrella insurance policy for damage to your personal belongings.
You can’t simply buy umbrella insurance instead of auto insurance and home insurance.
Umbrella insurance policies exist to protect you and your family when you’ve exceeded the limits on your existing auto and/or homeowners policies. This coverage can pay for claims that may be excluded by other liability policies.
Reach Out To Us
For a free quote or additional information about umbrella insurance call an Insurance Solutions advisor today.