4 Benefits of Umbrella Insurance

When you have a boat, home, or auto insurance policy, you may not see the need for additional coverage. However, you may need more than auto or home insurance when you get significant claims extending beyond your conventional coverage options. Umbrella insurance from Voi Insurance Solutions LLC in Glendale, CA takes over when your typical insurance coverages run out.

Why you should invest in umbrella insurance

Who needs umbrella insurance? Is it the rich and famous only? While high-net-worth individuals attract lawsuits, you need umbrella insurance as long as you earn a livelihood. Since anyone is at risk of being sued in America, umbrella insurance comes in handy when lawsuits come knocking on your doors.

Here are the benefits of investing in umbrella insurance:

  • Provides broader coverage: Umbrella insurance provides not only higher coverage but also broader coverage. What does this mean? Umbrella insurance gives you high coverage of $1M plus and also covers you against personal liabilities not covered by standard liability coverages. Umbrella insurance covers libel, false arrest, and slander — risks not protected by other liability coverages.
  • Affordable: There is a popular misconception that umbrella insurance is costly. However, the opposite is true. Umbrella insurance is surprisingly affordable since it takes over from where your conventional liability coverages leave off.
  • Protects your assets: When faced with expensive liability claims, your typical coverages are likely to run out. As a result, your assets could be at stake to pay for the uncovered expenses. However, you don’t have to worry about someone coming for your assets when you have umbrella insurance.
  • Has no geographical limitation: Unlike other insurance policies limited within American boundaries, umbrella insurance can cover you anywhere in the world.

Do you need umbrella insurance in Glendale, CA? Please get in touch with Voi Insurance Solutions LLC for an affordable quote.