Home umbrella insurance is one of the least understood types of insurance. As such, we at Smart Way Insurance Agency, serving the greater Sandy, UT area, are often asked what this insurance covers and why you should consider purchasing it. Here are three reasons you may want to consider home umbrella insurance.
Protects You Against Injuries Someone Sustains on Your Property
One of the reasons to consider purchasing a home umbrella insurance policy is because it protects you against injuries that someone may sustain on your property. If someone slips and falls on your property, they can file a claim against your regular home insurance policy. But, if your policy limits are low, there may not be enough money to cover all of their medical expenses. An umbrella policy kicks in and covers the remaining medical expenses.
Protects You Against Lawsuits
Another reason to consider home umbrella insurance is that an umbrella policy protects you against lawsuits. If someone sues you for slander or for emotional distress after falling on your property, your home insurance policy will not cover these expenses. But an umbrella policy will. It helps to fill in the gaps left behind by your regular home insurance policy.
Protects Against Damage You Cause to Someone Else’s Property
The last reason to consider home umbrella insurance is that it helps to protect you against damage that you cause to someone else’s property. Did you accidentally drive your car through a house? Are the repairs more than your auto insurance policy coverages? Then umbrella insurance kicks in to cover the difference.
Are you ready to learn more about home umbrella insurance or purchase a policy today in the greater Sandy, UT area? Then contact Smart Way Insurance Agency today to get started.