Greenup, Kentucky

How an Umbrella Policy Is Crucial for Protecting Your Interests & Assets January 26, 2017

Greenup, Greenup
How an Umbrella Policy Is Crucial for Protecting Your Interests & Assets, Greenup, Kentucky

Accidents happen every day, which is why you pay for auto and homeowners insurance. But what do you do if you’re at fault in an accident and your policy isn’t enough to cover the amount you owe the injured party? In that situation, an umbrella policy will protect you.

Harold D. Miller Insurance Agency in Greenup, KY, has helped clients save thousands of dollars by encouraging them to add supplemental umbrella policies. These plans give you liability coverage beyond the amount set in your regular policy.

For example, if something distracts you while you’re driving and you slam into the back of another vehicle and injure its occupants, the expense will add up quickly. The cost of the vehicle and the injured parties’ medical bills and lost income from time off work could exceed the amount of coverage specified in your car insurance policy.

Umbrella policy Greenup KYOnce the maximum value of your plan runs out, you might be on the hook for tens of thousands of dollars more. However, if you have an umbrella policy, it will help you cover the expenses of the accident and protect your personal assets, including your home and savings.

Umbrella policies typically start with minimum coverage of $1 million and increase by increments of $1 million, but rates for these highly beneficial plans are very affordable. Plus, they could save you a lot of money and stress in the long run.

If you live in Greenup, KY, or the surrounding area, call Harold D. Miller Insurance Agency at (606) 473-6211 to discuss whether an umbrella policy is right for you. Visit their website for information about their car, home, and life insurance policies and providers.

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