Umbrella Insurance — Taking Care of Your Peace of Mind

No one wants to be at-fault in a major accident. Sometimes, however, bad accidents happen, and we — despite our best efforts — are deemed at-fault. In these incidents, it’s important to be sure your policy’s liability limits are high enough to cover the damage done to property or to the other drivers and passengers involved. This is particularly important in a bad accident with severe injuries.  In these cases, it is not just a matter of covering the ambulance ride and the hospital bills. Often it’s the intangible kinds of injuries that pose the most difficulty: pain and suffering, the loss of use of an arm or leg, etc. The costs of these types of incidents can be significant, often larger than the limits on your basic home or auto policy.

This is where Umbrella insurance comes in. Umbrella insurance provides extended liability coverage over and above the stated liability amounts for your homeowners and automobile insurance. It can also provide additional liability for your boat and motorcycle policies. This means that in the event of a major accident with severe injuries, your umbrella coverage will kick in after your basic policy has paid out its maximum amounts. Such coverage helps protect your assets from potential lawsuits should your basic coverage prove insufficient.  In addition to covering other drivers in the event of an at-fault accident, you also have the option of having your umbrella policy cover your own uninsured/underinsured motorist liability coverage, which would ensure that you and your passengers are taken care of in the event of an accident in which another motorist is at fault but does not have insurance or does not have high enough limits to pay for the damage done to you and your vehicle.

Please give Ken a call at 303-730-2886 to discuss this valuable coverage and to see what insurance will best fit you and your family’s needs.