Lincoln, Nebraska
5604 S 48th, Ste 6
Lincoln, NE 68516
(402) 423-4357

Become Familiar With Umbrella Insurance & How It Can Protect You From Financial Disaster December 27, 2016

Lincoln, Lancaster
Become Familiar With Umbrella Insurance & How It Can Protect You From Financial Disaster , Lincoln, Nebraska

Insurance is a vital purchase because of the role it plays in protecting your family and assets. However, if you don’t have enough coverage, it will fail to do the job you need it to do. Your home and auto insurance policies are only designed to pay up to a certain amount in damages should a disaster or accident occur, which is why the experts at Davidson Insurance Agency recommend having umbrella insurance to take over from there. The company’s number one priority is to ensure Lincoln, NE, residents have adequate insurance plans to safeguard their finances.

Below, the agency goes over what umbrella insurance is and how it can benefit you:

  • What Is Umbrella Insurance? Umbrella insurance is a type of liability policy that offers increased protection above and beyond what your home or auto insurance will provide. This is crucial in the event you are found responsible for causing an incident that involved another party, and there isn’t enough coverage on your original policies to pay what the court has awarded them.
  • umbrella insuranceWhat Does It Cover? While each of your other insurance policies is specifically designated to cover one particular element of your life, umbrella insurance can be used to cover a variety of financial investments. Typically, it will cover medical expenses from bodily injuries, repairs or replacements due to property damage, and legal fees incurred from a lawsuit.
  • Why Do You Need It? If you own a home, have accumulated additional valuable assets, and have a considerable retirement account or investment portfolio you’ve built up, umbrella insurance is a must. Life is unpredictable, and this is the best way to ensure you are covered should an accident happen or you end up facing a lawsuit.  

Umbrella insurance is something most people don’t ever expect to use, but without it, you leave yourself vulnerable to experiencing a great deal of financial loss. Contact Davidson Insurance Agency at (402) 423-4357, or visit their website to obtain your free insurance quotes. 

Other Announcements, Events and Deals from Davidson Insurance Agency Inc
What Type of Auto Insurance Do You Need?, Lincoln, Nebraska
Before you can drive legally in the state of Nebraska, you must purchase a minimum amount of auto insurance. However, beyond that, you have numerous options. To help you choose ...read more
What You Need to Know About Liability Insurance, Lincoln, Nebraska
As a responsible driver, you know you need car insurance. After all, you’re legally required to have at least a minimum amount of coverage for each car you own. For most drivers, all...read more
Lincoln Homeowners Insurance Professionals Explain Personal Articles Policy Benefits, Lincoln, Nebraska
Owners of jewelry, antiques, or musical instruments consider these items priceless. That's why they often choose to secure additional coverage through a personal articles policy. The...read more
3 Mistakes to Avoid When Buying Insurance, Lincoln, Nebraska
Whether you're shopping for a new insurance policy or renewing your old one, it's important you don't make mistakes that could cost you money or leave you vulnerable. Davidson Insura...read more
What First-Time Buyers Should Know About Homeowners Insurance, Lincoln, Nebraska
Covering losses from fire and storm damage, vandalism, theft, and other risks, homeowners insurance is a great investment for all those who own residential real estate. However,...read more