Umbrella insurance remains one of the most underestimated types of insurance. However, in reality, it is one of the most beneficial insurances. The mission of umbrella insurance is to kick in and cover a policyholder after they have exhausted the limits of other policies they have. If you are thinking about getting an umbrella insurance policy, look through the answers to the most common questions first.
1. What is exactly covered by umbrella insurance?
Umbrella insurance covers various problems, including property damage to others, body injury to others, legal costs in case of a lawsuit, and others.
2. Is umbrella insurance expensive?
No, umbrella insurance is one of the most affordable types of insurance. For example, a policy with a $1,000,000 coverage may cost no more than $500 per year. It is around 80 cents a day. In other words, you can buy yourself peace of mind for only a few cents daily.
3. Will an umbrella policy cover all family members?
It may extend to other family members, including a spouse and children. However, certain exclusions may apply. It is important to read the policy first and ask an insurance agent or insurance company your questions before signing the agreement.
Umbrella insurance is an excellent tool for getting additional protection if something happens. If you are considering getting insurance in Santa Clarita, CA, QuoteBroker Insurance Services is the local company that will gladly help you find the policy you need and live. If you have any questions, feel free to reach out to us. You can give us a call or visit our website for more information.
