Carrying an umbrella around with you can protect you from unexpected rainfall. Umbrella insurance works a lot like that to protect you, your family, and your assets from unexpected expenses. Let an insurance expert at the Turner Vermost Agency in East Moline, Illinois craft the umbrella insurance protection that is perfect for you.
What Is Umbrella Insurance?
Umbrella insurance coverage picks up where traditional policies end. If there is a large, unexpected event and you exhaust the standard coverage in your auto insurance or homeowner's insurance policies, umbrella insurance kicks in.
An example might be a serious car accident and you are ruled at fault. Your auto coverage was written with a specific coverage limit. You may carry a car insurance policy that insured you up to $1 Million. But what if expenses top $2 Million? If you reach that policy limit and there are still expenses to be paid, you have to take care of that our of your own pocket. Sometimes things like legal fees and damage awards push beyond standard limits. That's where umbrella insurance steps in.
Who Needs Umbrella Insurance?
Umbrella insurance is for anyone who has assets to protect. Those assets might be retirement savings, investments, or even future earnings that someone might sue to obtain after a catastrophic event. High net-worth individuals will often choose to carry umbrella coverage. But it can be useful in any financial situation. An insurance analyst at the Turner Vermost Agency can review with you the current insurance limits you carry and evaluate whether you and your family could benefit from umbrella protection.
Contact Us Today
The Turner Vermost Agency in East Moline, Illinois offers full-service insurance solutions for families just like yours. Call our office today for a coverage review and an umbrella insurance quote. Protect the money you have already made and the money you will make in the future by considering umbrella insurance.