If you are concerned about protecting your assets, you should consider umbrella insurance. Umbrella coverage can help protect you from catastrophic liability claims. If you need this coverage in Virginia, contact us at Emporia Insurance Agency LLC.
You have auto and home policies, but you may need extra coverage. Standard policies cover what's considered a reasonable risk. This means it should cover your liability in most situations. However, this isn't always the case.
This is where umbrella insurance comes in. It provides liability protection for the worst-case scenario. For example, you have a car accident. The problem is, the other car was costly. Now the car is totaled, and you are responsible.
Your auto policy will not cover all of the expenses to replace the car. An umbrella policy will pick up where your auto policy left off and cover the difference.
If you don't have an umbrella policy, you may face losing your assets or wage garnishment until the debt is paid.
In addition to covering excess liability for claims covered by your insurance that exceed the coverage limits, umbrella insurance also covers some claims that your liability might not claim.
Umbrella insurance typically covers injuries, damage to property, and some lawsuits. These usually include lawsuits for slander and shock. Personal liability is also covered.
Umbrella insurance will not cover intentional damage. For example, if you damage someone's property, it won't be covered by your umbrella coverage.
Umbrella coverage typically extends to the other members of your household as well.
You'll need to have existing home and auto policies to purchase an umbrella policy. Some companies require you to have these policies through them. Others require a certain coverage limit for your primary policies.
Emporia Insurance Agency LLC is here to meet Virginia residents' insurance needs. We offer most types of insurance, including umbrella policies. Contact us today to learn more about our policies.
