The Benefits of Umbrella Insurance

Have you ever heard of umbrella insurance? It is a valuable type of extra liability insurance that offers additional financial protection when your standard insurance policies are exhausted. Client First Insurance Solutions serving the city of Americus, GA would like you to know about some of the benefits that umbrella, also known as excess liability insurance, offers.

Extra Protection for Catastrophic Events

Standard insurance policies are suitable for everyday incidents, but sometimes we experience catastrophic events that we can’t prepare for in our lives. These events are when umbrella insurance, which acts as a secondary policy, is invaluable. It provides additional financial protection when your primary policies are exhausted if you are liable for an incident that will require a financial outlay that will likely bankrupt you.

Suitable for Home, Auto, and Commercial Use

You can purchase umbrella insurance as an add-on for your home, auto, and commercial insurance policies. Depending on the wording, umbrella insurance may cover any gaps that your general liability insurance doesn’t cover in your business. You cannot usually purchase umbrella insurance on its own because it is a secondary policy that acts as an umbrella to provide an extra layer of protection and sits above your other insurance policies.

Peace of Mind

One of the most significant benefits of purchasing an additional umbrella or excess liability insurance is peace of mind. A legal liability lawsuit can take a long time to settle, it is an expense for the legally liable party, and it is not unheard of for settlements to pay out millions of dollars.

Speak to Client First Insurance Solutions, serving the city of Americus, GA, about assessing your liability risks today!