It's impossible always to be prepared for everything, but insurance can help us be prepared for a lot of it. At Legacy Insurance Group OKC, we are here to help you make wise insurance choices. Products such as umbrella insurance can help protect you from the truly unexpected twists and turns that life can take.
Umbrella insurance is a unique type of insurance product. This type of insurance provides coverage when other types of insurance have been exhausted. This can be a great safety net especially if you have a lot of assets you wish to protect.
Each type of insurance coverage has a limit on what the policy will pay on a single claim. If that amount is exhausted, and there are still expenses that need to be paid, you will be left with the difference to pay. This could create a huge financial burden if you were unprepared for such an expense. If this happens, an umbrella policy can kick in to pay the expenses.
This type of coverage is helpful for anyone who wishes to be protected fully against unexpected expenses. It is especially helpful, however, if you have a lot of savings or investments you wish to protect from liability expenses. It is also recommended for people who are involved in high-risk careers or hobbies.
If you would like to learn more about umbrella insurance, get in touch and let's talk about it.