If you are sued, and the legal and settlement costs exceed your conventional liability coverage, your savings and assets could be on the line. But if you have umbrella insurance, you don’t have to worry because this coverage takes over after the underlying coverage has been exhausted.

Regrettably, umbrella insurance is one of the most misaligned insurance policies. If you aren’t careful, your judgment may be clouded because of the misinformation about umbrella insurance. At Curtis Miller Insurance, we always want our clients to buy insurance policies when they have the correct information. You need to know four facts before purchasing umbrella insurance in Parkersburg, WV.

Fact#1: Umbrella isn’t as expensive as most people claim

You may have heard this many times — umbrella insurance is super expensive and out of reach for most people. The reality is that umbrella insurance is insanely affordable given the high coverage it gives you. Umbrella insurance is affordable because it picks off where the underlying coverage leaves off.

Fact#2: Umbrella insurance is ideal for anyone earning a livelihood

Most folks say that umbrella insurance is for the super-rich only. The reality is that this coverage is perfect for anyone with a livelihood. Since we are all at risk of lawsuits in America, you had better invest in umbrella insurance to safeguard your assets and savings.

Facts#3: Umbrella insurance isn’t offered as stand-alone insurance

Umbrella insurance doesn’t exist on its own — this coverage rides on other existing coverage policies, such as a boat, home, or business insurance.

Facts#4: Umbrella insurance is liability coverage

Because of its name, most people think that umbrella insurance covers them against all risks. The truth is that umbrella insurance covers you against liability claims. It protects you when third parties accuse you of bodily injury or property damage.

If you need to learn more about umbrella insurance in Parkersburg, WV, please contact Curtis Miller Insurance for more information.