Umbrella Coverage Can Save You From Financial Ruin

Umbrella coverage is a type of insurance that provides extra liability protection beyond the limits of your homeowners and automobile policies. It can help you cover the costs of lawsuits, medical bills, property damage, and other expenses that exceed your standard coverage. Here are three scenarios where having umbrella coverage can save you from financial ruin.

Scenario 1:

You host a party at your home and one of your guests slips and falls on your wet floor. They suffer a serious head injury and sue you for $1 million in damages. Your homeowners policy only covers up to $300,000 in liability, leaving you with a $700,000 gap. If you have umbrella coverage, it can kick in and cover the rest of the claim.

Scenario 2:

Your dog bites a neighbor's child and causes severe injuries. The child's parents sue you for $500,000 in medical expenses and emotional distress. Your

homeowners policy covers up to $100,000 in dog bite liability, leaving you with a $400,000 gap. If you have umbrella coverage, it can cover the remaining amount.

Scenario 3:

You accidentally start a fire in your backyard that spreads to your neighbor's house and destroys it. Your neighbor sues you for $800,000 in property damage and lost income. Your homeowners policy covers up to $200,000 in fire liability, leaving you with a $600,000 gap. If you have umbrella coverage, it can pay for the rest of the claim.

As you can see, umbrella coverage can protect you from unexpected and costly lawsuits that could otherwise wipe out your savings and assets. It is a smart investment for homeowners who want to have peace of mind and financial security.

To learn more about umbrella coverage and how to obtain a quote, complete the attached form: https://forms.gle/CUyfLAcMqzpo33pn9

For a full bundle quote in minutes; Home, Auto, Umbrella click link: https://www.ourbranch.com/s/partner/jjc-agency-llc