You make investments, investments of time as well as investments of money. Life, however, can jeopardize these investments through any number of unforeseen problems. No one can be protected from everything all the time, but there are steps you can take to help protect the investments you have made. At Southwest Insurance Center, serving Austin, TX, we love having the opportunity to educate our clients and future clients on important insurance topics and ways to help them protect their investments. Keep reading to learn what you need to know about umbrella insurance.
What Is Umbrella Insurance
You may be familiar with homeowner’s insurance, auto insurance, life, and health insurance. So, what is umbrella insurance? Umbrella insurance is an additional type of insurance which you can purchase to supplement any insurance you already have. The purpose of umbrella insurance is to keep you protected in the event that your regular policy does not cover the extent of expenses incurred during an event. This can apply to car insurance, homeowner’s insurance, health insurance, and others.
Who Needs Umbrella Insurance?
Anyone can benefit from umbrella insurance, however, individuals who are more at risk of liability, as well as individuals with substantial assets should definitely consider investing in this additional type of coverage. In this way, you can be sure that your finances are not put in danger if an event super cedes a current policy.
What is Covered Under Umbrella Insurance?
Umbrella insurance can be very flexible. These types of policies can also be customized to suit your particular needs. An umbrella policy can cover expenses that supersede an auto policy, homeowner’s policy, health policy, or others.
If you would like to learn more about umbrella insurance, please contact our friendly staff at Southwest Insurance Center serving Austin, TX today. We will be happy to answer your questions.