Most people assume their auto and homeowners insurance will fully protect them if something goes wrong. While those policies do provide important coverage, they also have limits. And when a serious accident or lawsuit exceeds those limits, you could be left paying out of pocket.
That’s where umbrella insurance comes in.
What Is Umbrella Insurance?
Umbrella insurance provides extra liability protection beyond the limits of your existing auto, homeowners, or boat insurance policies. Think of it as an added layer of security that kicks in when other policies reach their maximum coverage.
For example, if you’re found liable for an accident and the costs exceed your auto policy limits, an umbrella policy can help cover the remaining expenses—protecting your savings, future income, and assets.
Why Standard Policies May Not Be Enough
Liability claims today can add up quickly. Medical bills, legal fees, settlements, and court judgments can easily exceed standard policy limits, even from a single incident.
Common situations where umbrella insurance can help include:
- Serious auto accidents involving injuries
- Accidents on your property
- Lawsuits for bodily injury or property damage
- Legal defense costs
- Certain personal liability claims, like defamation or slander
Without umbrella coverage, your personal assets—such as savings accounts, investments, or even future wages—could be at risk.
Who Should Consider Umbrella Insurance?
Umbrella insurance isn’t just for the ultra-wealthy. It’s worth considering if you:
- Own a home
- Have teenage drivers
- Own rental property
- Have a pool, trampoline, or other higher-risk features
- Travel frequently
- Want added financial protection and confidence
Affordable Protection with Big Benefits
One of the biggest advantages of umbrella insurance is how cost-effective it can be. For a relatively small annual premium, you can gain an additional $1 million or more in liability coverage.
It’s a simple way to strengthen your overall insurance strategy without significantly increasing your costs.
Final Thoughts
Umbrella insurance isn’t about expecting the worst—it’s about being prepared. It helps ensure that one accident or lawsuit doesn’t undo years of hard work and financial planning.
Ready to Learn More?
Reach out to April Jones Insurance Agency to see if an umbrella policy is right for you. Our team is happy to review your current coverage and help you add an extra layer of protection where it makes sense.
📞 (910) 660-0215
🌐 www.apriljonesinsurance.com
