The essence of buying insurance is to protect you against liability claims resulting from an event with your business, auto, or home. For this reason, it becomes paramount to consider expansive coverage against unforeseen incidences. With umbrella insurance, there is the right avenue to fill gaps in your coverage policies. Below is a guide about umbrella insurance that we at City First Insurance have prepared for your understanding.
There are cases where an accident exceeds your policy cover. In such cases, the chances of straining your financial plan to cover the liability are higher. Umbrella insurance comes in to offer coverage and help offset the related costs. You get coverage on repair expenses for your vehicles or replacement costs for your home with umbrella insurance.
There are cases such as poorly constructed structures that might outwit you as a landlord. It gets worse when the liability claims are against accidents and injuries from the structures. Umbrella insurance will come to your rescue as a landlord through coverage of legal fees, medical bills, or any other damages awarded during the lawsuits.
As many policies there are in the market, only a few can cover general liability claims. When you lack general liability coverage, it only means straining your financial options in the end. This is, however, different with umbrella insurance. You will get coverage ranging from false arrests to libel from an erroneous written statement with this insurance policy.
When you buy auto, business, or home policies, they get exhausted at some point, leaving you at a crossroads, especially when there are bodily injuries. In cases of bodily injury liability at your home or business premises, umbrella insurance comes in to cover the medical expenses, treatment costs, and related financial needs.
At City First Insurance, we are ready to guide you on umbrella insurance. Get in touch with us today.