Benefits of Umbrella Insurance in Lexington, MI

Do you have enough protection from liability? If you’re like many people, the answer is probably no. That’s why you should consider umbrella insurance coverage in Lexington, MI.

What is Umbrella Insurance?

Umbrella insurance can provide an extra layer of protection for you and your family if someone sues you for damages for injuries they sustained or for property damage. The coverage kicks in when the damages exceed your standard liability insurance limits. A North Coast insurance Services agent can help you determine if umbrella insurance is right for you.

Why You Need Umbrella Insurance

Even if you have a good homeowner’s policy, it may not provide enough coverage if someone is injured on your property or if you are sued for damages. That’s where umbrella insurance comes in. It can provide the extra coverage you need to protect your assets.

For example, homes with children, dogs, playground equipment, and swimming pools can be more susceptible to liability claims.

Umbrella insurance can also provide coverage for things like libel and slander and accidents that occur away from your home, such as on vacation.

Umbrella Coverage and Auto Insurance

If you have automobile insurance, your Lexington, MI umbrella policy may provide additional coverage for driving accidents. For example, if you are in an accident and sued for damages exceeding your auto insurance policy limits, your umbrella policy may cover the additional amount. Parents with teenage drivers may want to consider umbrella insurance to help protect their assets in case of an accident.

If you’re interested in learning more about umbrella insurance coverage, contact North Coast insurance Services. We can help you determine if this type of coverage is right for you.

Do I Need Umbrella Insurance In Lexington, MI?

If you have a home, boat, or auto insurance, you might feel like you don’t need further coverage. But you might be wrong. While your current insurance is vital, it doesn’t provide you sufficient liability coverage. When lawsuits come raining, your typical liability coverage may run out, putting your assets on the line. So, what’s next?

Umbrella insurance from North Coast insurance Services of Lexington, MI would save the day when your current liability coverage limits are exhausted.

What is umbrella insurance?

Umbrella insurance is the extra liability protection that saves the day for claims that exceed your current liability plans. The best way to view umbrella insurance is like a safety net that comes to your rescue when faced with substantial financial liabilities. 

Umbrella insurance protects you against the below:

  • Bodily injury caused to others
  • Property damage to third parties
  • Personal liabilities like libel, slander, false arrest, and malicious prosecution

Do I need umbrella insurance?

There is a popular misconception that umbrella insurance is for the wealthy. This statement can’t be further from the truth. Umbrella insurance is appropriate for anyone as long as you earn a livelihood. You see, legal claims can befall anyone. As such, you need umbrella insurance to protect your assets and future earnings when lawsuits come calling.

While umbrella insurance applies to most people, if you fall in the below categories, you might want to consider umbrella insurance seriously:

  • You have significant assets or earnings to safeguard
  • You own particular breeds of pets that can bite
  • You coach youth sports
  • You are involved in risky hobbies like skiing and hunting
  • You own a business
  • You own a home, boat, or vehicle
  • You or your loved ones have a social media presence

Would you like to purchase umbrella insurance? Contact North Coast insurance Services today. Better yet, you can visit our Lexington, MI offices to speak to one of our agents.