Umbrella insurance policies offer an extra layer of protection beyond the coverage you may already have with your homeowners, auto, or boat insurance policies at August Vincent Insurance Agency. In essence, it provides additional liability coverage if you are sued due to damages or injuries that are not covered by your existing policy. Whether you should get an umbrella policy depends on your particular situation here in the Huntley, IL area and risk tolerance.
Who should get an umbrella insurance policy?
Those who have substantial assets, own a business, or manage large amounts of money may want to consider getting a personal umbrella policy. This type of policy can provide additional financial security if someone sues them for damages caused by their negligence. Additionally, people who participate in hazardous activities such as skydiving or motocross racing may also benefit from having this extra protection in case an accident occurs.
Umbrella policies generally cover legal fees and court costs, as well as any judgment amount that exceeds the limits of your other insurance policies. They can also provide you with coverage in situations where your existing policy may not apply, such as slander or libel.
Ultimately, whether an individual should get an umbrella insurance policy is up to them and their specific needs and preferences. It’s important to weigh the pros and cons of such coverage before making a decision. Consulting with one of our experienced agents at August Vincent Insurance Agency can help individuals determine whether getting a personal umbrella policy is right for them.
Give Us A Call
For more information or to find a policy that meets your needs and your budget, give us a call at August Vincent Insurance Agency today. We are proud to serve the Huntley, IL area.
