Grand Rapids Umbrella Insurance
WHAT IS AN UMBRELLA POLICY?An umbrella insurance policy provides extra liability coverage, supplementing the liability protection furnished by your auto and/or homeowners insurance policies. An umbrella policy is essential if you are involved in a major lawsuit that exceeds the amount of liability coverage provided by your auto or homeowners insurance policy.
WHO NEEDS AN UMBRELLA POLICYSome younger individuals or people without significant assets assume that they don’t need an umbrella policy. However, we suggest considering an umbrella policy if you can identify with one or more of the following. Even if you can’t, an umbrella policy may still be advisable.
WHEN CAN AN UMBRELLA POLICY COME INTO PLAY?
As you may have already guessed, an umbrella policy can apply to several scenarios. However, here are a few examples of common incidents when an umbrella policy could come into play:
Since the auto insurance No-Fault reform took effect in July 2020, liability coverage is more important than ever. Lawsuits have increased in size and frequency due to the fact that drivers can now sue other drivers for their uncovered medical expenses, which was disallowed from 1973 to 2020.
Call today to get your quote
Get Your Quote