The Murzzy Blog
It’s always nice and comforting to know that you and all of your investments are insured in case of emergencies. However, there are often some gaps in our insurance policies that includes claim limits and non-coverage. If we don’t inspect our policies carefully, these gaps can cause really cause us to shell out more money than we expect.
To make sure that you always have yourself covered, you might want to look into umbrella insurance.
If you don’t know what umbrella insurance is, it is made to protect policy holders in the event of a lawsuit, accidents and other types of claims that are not covered by other insurance policies. It is also known as an extra liability insurance that helps give you peace of mind by securing your current investments as well as your future. This insurance includes major vehicle accidents and if another party gets injured inside your home.
If you’re not familiar with how lawsuits work, you can say that you are already insured and that you don’t really own much property anyway. However, there are times when life hits you hard with a lawsuit and it can threaten your retirement money as well as your lodging. It can take a toll on your wages.
When this happens, umbrella insurance is designed to cover more than the sums of your auto and homeowner insurance policies. It will protect all types of rental properties that is under your name, and will protect you against false arrest, slander and libel cases.
Before applying for umbrella insurance, it’s good to know that insurance companies have some requirements that you need to produce based on your current auto and home insurance policies. Most companies require $300,000 for your home insurance, $250,000 for individual insurance, $500,000 insurance for physical injury as well as $100,000 for property and vehicle damage.
You don’t have to worry just yet. Umbrella insurance is not expensive and usually costs about $200 per year for a protection of up to $ 1 million dollars. If you think about it, it’s a very cheap price to pay to ensure yourself, your home and other properties. It also gives you peace of mind to be protected against lawsuits that may happen in the future.
If you have children, you should also think about how they can be affected if a lawsuit pulls you under and claims every single property that you’ve got. You must protect yourself, your future and your family by choosing the right kind of insurance policy that has your back at all times.
If you’ve already made up your mind and you want to inquire more about umbrella insurance, the Murzzy Insurance Agency is at your service. At the Murzzy Insurance Agency we take pride in making sure our clients are well protected at prices they can afford. To learn more about how we can help you please contact our agency at (877) 929-2612 or Click Here to request a free quote.
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