There are a lot of ways to have more peace of mind, and umbrella insurance is one of them. If you’re in the Dadeville, AL area and looking for an umbrella policy, Highpoint Insurance Group can help. We understand that good coverage is needed, as it’s what protects you and the people you love. When you choose umbrella coverage options, you can have additional protection that goes above and beyond your standard policies.
Here’s what you should know about choosing the right policy for your needs.
Umbrella Insurance: What You Need To Know
First, it’s vital to understand that an umbrella policy isn’t a stand-alone option in most cases. Instead, it’s intended to act as its name implies, like an umbrella that covers everything. If you have home, auto, and other types of policies, they have coverage limits on them. Those limits are the extent of your protection if you need to make a claim. But, with an umbrella policy, you can have additional coverage that can be used if the limits of the first policy are reached. That means more protection and more peace of mind.
If you’re in the Dadeville, AL area and looking for umbrella insurance information and options, we are here to help. We know it can sometimes be confusing to get the right type and level of coverage, and we’re here to make it easier. A lot of people with significant assets, or those who own businesses, choose umbrella policies, but you don’t have to be in those categories to benefit from additional protection. There are a lot of reasons that a policy like this can be a good choice.
Give Us A Call
Reach out to us today at Highpoint Insurance Group, and let us work with you to find the best possible insurance coverage for your specific needs.
While it is always better to be over-insured than underinsured, carrying too much umbrella insurance is not a wise financial decision. Umbrella insurance typically covers the standard things that other basic policies cover, which means that it cannot be used independently as a coverage. If you are looking to buy extra liability or umbrella insurance in Dadeville, AL, it is essential to understand how much coverage you need. At Highpoint Insurance Group, we are here to take you through the insurance journey and help you make smart insurance choices.
Assess your level of liability risk
Today’s complex society is quite litigious. That means that you are exposed to a wide array of lawsuits as a property owner. Since umbrella insurance focuses on providing extra liability coverage, you need to determine your level of need for liability. Lawsuits can be expensive in Dadeville, AL. They can quickly wipe out your savings and monthly earnings, leaving you bankrupt. So, which other factors should you consider when assessing your liability risk as a property owner?
- if you drive a fast car
- you have employees
- you are involved in extreme sports or highly risky sports
- you have a working spouse
- you have children below the age of 16
- you are a homeowner
- you have teenagers in your home
- you have other businesses
Your need for umbrella insurance may go down if you have higher premiums on other policies
Note that if you have bought enough coverage on other policies, the chances of ever using umbrella insurance becomes minimal. Remember, you can only use this coverage if the underlying home or boat insurance policy is used and depleted. Additionally, if you own rental properties, you are at a higher risk of getting sued.
Umbrella insurance is an all-round kind of coverage that can protect you from a wide range of lawsuits, whether at your property, home, or on the roads. If you are still not sure how much insurance you need to buy, feel free to talk to us at Highpoint Insurance Group today!