If you’ve heard about umbrella insurance, you probably know that its coverage goes into the millions. Chances are that you think that’s a little excessive. Who would need that much coverage?
You’d be surprised how fast one injury on your property can add up to cost a small fortune. Perhaps a guest slips on a loose floorboard on the deck and tumbles down the stairs, resulting in broken bones, surgery, physical therapy and months of lost paychecks during recovery. Or maybe you accidentally cause a car wreck in which the other driver suffers extensive injuries that result in medical expenses and time off work like our first example.
Similar incidents can happen in the blink of an eye and the resulting expenses can quickly eat through the policy limits on your homeowners or auto insurance. But once those policy limits have been reached, umbrella insurance kicks in to cover the remaining expenses. Think of umbrella insurance as an actual umbrella, which adds another layer of coverage on top of the underlying policies.
The chance of an extremely costly claim may be slim, but the worst time to realize you need the extra coverage is after an accident occurs. Talk to your independent insurance agent about adding umbrella coverage to your personal insurance bundle today.
We’ve got you covered. Call Pro Player Insurance Group at (954) 316-4662 for more information on Fort Lauderdale umbrella insurance.