The best way to think about umbrella insurance is as an added protection. It works by protecting your assets in the event of an unexpected lawsuit. It’s just like carrying around an umbrella in case of the chance of rain, but a lot easier. Umbrella insurance extends coverage beyond what your homeowner, auto, or boat insurance policies offer.
Here are a few examples of umbrella insurance:
- You’re out on the lake or ocean on your boat when a sudden squall comes out of nowhere resulting in some of your boat guests getting injured. Once your boat insurance has been exhausted to cover any liability, your umbrella insurance will kick in and cover the rest. This protects your assets from being liquidated – like your home, your boat, and any other property you own.
- You’re having a party at your house, and your dog bites a guest or the guest falls down the stairs and decides to sue. Does your homeowner’s insurance cover these kinds of situations? If you don’t know, you should probably speak to your insurance agent.
- You are in a car accident determined to be your fault. The other passengers/driver claim bodily injury. Your auto insurance policy will only cover up to a certain amount. After that, your umbrella insurance will kick in to cover the rest.
- You agree to dog sit last minute for your best friend. The dog tears up your priceless collection of rare books. Don’t worry, that’s what umbrella insurance is for. It covers the unusual situations that can happen to any of us.
If you live in Inlet Beach, FL and own a car, a boat, a home, or and an RV, you may want to consider purchasing umbrella insurance to protect the assets you have worked so hard to get. At Dune Lakes Insurance, we love talking to customers about how umbrella insurance in Inlet Beach, FL is one of the best investments you can make. To find out more, call Dune Lakes Insurance at 850-909-0456 to speak with a friendly agent today.
