What Exactly Is Umbrella Insurance

When looking through different forms of insurance coverage, you may stumble upon umbrella insurance. While not designed for rain prevention, umbrella insurance has many other benefits you’ll likely find more beneficial. At 1st American Insurance Agency, we want to make sure you are fully educated on what umbrella insurance is, regardless of if you live in Longmont, CO or somewhere else. 

What is Umbrella Insurance?

Umbrella insurance provides you with additional liability protection over what your current insurance already covers. This helps protect you from extreme claims, such as lawsuits and it will protect your assets. This kind of insurance can be applied to everything from boat insurance to auto and homeowners. You may also want to include it if you own a business. 

Added Coverage

Depending on the kind of coverage you already have, there usually is a set limit for how much you can expect. In some major claims or lawsuits, you may find the potential financial cost of these claims far outweighs the cost of what your regular insurance is able to cover. With the added umbrella insurance, you’ll protect yourself in these instances. 

What Does Umbrella Insurance Cover

There are several variables at play, but umbrella insurance typically covers varying lawsuits, property damage, injuries and a large number of personal liability situations. Your insurance provider can help you determine if umbrella coverage is right for you. 

Umbrella insurance can prove especially beneficial when it comes to protecting what you own. While there are different variables at play, a skilled insurance agent is able to help you identify the best insurance options for your needs. At 1st American Insurance Agency, we want to do what we can to educate you and inform you on available umbrella insurance policies, regardless of if you live in Longmont, CO or in the surrounding area.