4 Facts You Should Know About Umbrella Insurance

What’s the best way to get the most out of an insurance policy? You guessed it right — knowing the basics of that particular coverage. So, when you want to invest in umbrella insurance, there are several facts you need to know about it to ensure you don’t get a raw deal. And if you don’t know where to start, Insurance & Financial Services Inc. of Baton Rouge, LA is ready to walk you through the umbrella insurance process.

Here are four facts you need to know about umbrella insurance.

Umbrella insurance is suitable for almost everyone

One of the most common myths about umbrella insurance is that it’s for the super-rich only. This statement is half true. While umbrella insurance protects the assets of high-net-worth individuals, you don’t have to have reached the million-dollar mark to invest in umbrella insurance.

Given the litigious nature of our society, umbrella insurance is suitable for anyone who earns a livelihood. This way, you ensure that the assets you have worked so hard to accumulate are protected when expensive lawsuits knock on your doors.

It gives you broader coverage.

Umbrella insurance gives you higher coverage as well as broader coverage. This means that umbrella insurance covers you against liabilities not covered by conventional liability coverages.

Umbrella insurance isn’t a stand-alone coverage.

Yes, you will never get umbrella insurance on its own. This insurance rides on other liability coverages, such as car, boat, renters, or home insurance.

It’s super affordable.

Umbrella insurance being an expensive insurance policy is one of the popular myths you will hear. But guess what? Umbrella insurance is super-affordable, given that it takes over after the underlying coverage has been exhausted.

Get umbrella insurance today.

Would you like to boost your conventional liability coverage with umbrella insurance? If you are in Baton Rouge, LA, or the surrounding area, don’t look beyond Insurance & Financial Services Inc.