Umbrella insurance is added coverage that goes beyond what a standard policy offers. Put another way, making this investment allows your insurance company to protect you and your assets in the event of a claim or lawsuit against you. Typically, it covers extra liability for automobiles, boats, and properties.

Do You Need Umbrella Insurance?

Real-Life Examples Of Umbrella Insurance In Action

This type of coverage comes in handy in a variety of scenarios. Here are a few examples:

• Your boat collides with another watercraft, causing damage beyond what your basic liability policy will cover. If the other boater sues you, your assets are covered because you have umbrella insurance.
• You're having a party and one of your guests falls down the stairs and breaks an arm. You don't know them very well, and they decide to sue you. Umbrella insurance protects you when someone suffers a bodily injury on your property.
• Your dog destroys a priceless antique vase while visiting a friend, and the owner of the vase decides to sue you. With property damage coverage, you won’t have to worry about an expensive lawsuit.

Assessing Your Insurance Needs

No one expects to be sued, but the unexpected does sometimes happen. If you have car and homeowner’s insurance, you are covered in many instances, it’s never a bad idea to have additional protection. If you’re uncertain about your risk, sit down with your insurance company to discuss how your work and lifestyle leave you open to liability. They will help you decide how much — if any — umbrella insurance is right for you.

If you're interested in obtaining umbrella insurance from a reputable insurance company, Cundiff & Company Insurance will help you find the best policy. Call (606) 679-8379 to speak to an insurance agent at the Somerset, KY, firm. Visit their website for more information on all of their insurance offerings.