Just like an umbrella protects you from getting soaked on a rainy day, an umbrella insurance policy protects your personal assets from legal damages and liability claims. In the Cincinnati, OH, area, policyholders trust Albers Insurance Agency to provide them with policies that give them peace of mind knowing their assets are not at risk. Their insurance agents offer this guide to umbrella insurance policies and why they are important.

A Guide to Umbrella Insurance

What Is Umbrella Insurance?

This insurance provides coverage that supplements your existing policies including home, renters, and auto insurance. Many umbrella policies are available in million-dollar increments, from $1 to $5 million. These have much higher coverage limits than standard insurance policies and can protect you from bodily injury and property damage liability claims. For example, if you are sued and need money for your legal defense or if you’re responsible for someone else’s medical bills that exceed your coverage limit, you can rely on your umbrella insurance policy to cover the difference.

Why Is Umbrella Insurance Important?

This is important because it protects you from financial ruin if an accident occurs in which you are responsible for damages or injuries. If a guest falls in your home or your dog bites one of your neighbors, you could be held liable for medical bills, emotional distress, and lost wages. Any resulting lawsuits can put your belongings and everything else you own at risk. An umbrella insurance policy is an affordable way to protect your current and future assets.

The insurance agents at Albers Insurance Agency work with you to choose the right policies for your needs at the most affordable prices. Give their team a call at (513) 891-3304 to learn about their umbrella insurance policies, or visit them online to learn more about their agency.