If you think you’re completely covered by your homeowners and auto insurance policies, think again. The agents at Albers Insurance Agency recommend purchasing an umbrella insurance policy to ensure all your expenses are covered. Their Cincinnati, OH, team has provided quality coverage and bundle packages since 1949. Below, their qualified agents outline the importance of owning an umbrella insurance policy. 

While you’ve done the right thing by acquiring homeowners and auto insurance policies, sometimes, these simply aren’t enough. For those instances where an accident happens, and your other policies don’t provide sufficient coverage to pay the damages, an umbrella policy will kick in and pay the difference. For example, if you’re in an accident but only have liability coverage on your vehicle, then you’ll likely need additional funds to pay for your repairs. This is where umbrella insurance kicks in.

It also covers any rare, unexpected incidents that put you at risk for liability. For example, if your neighbor sues you because your dog unexpectedly bites them, umbrella insurance will pay the damages, as well as the legal fees to defend yourself. Also, if you provide your child’s classroom with cupcakes or special treats, and everyone gets sick, umbrella insurance will cover you for any hospital bills incurred. It’s the rare instances like these where you might be exposed to liability that this insurance is necessary. 

Umbrella insurance is beneficial for all of life’s unexpected expenses. If you’re unsure whether you’re properly covered, discuss your options with a qualified insurance agent at Albers Insurance Agency. Their team specializes in assessing the needs of all their clients and then providing personalized products. Call them today at (513) 891-3304 to speak with a friendly representative, or visit their website for more information.