Umbrella insurance is extra liability insurance that you purchase in addition to your regular insurance policies, be they for personal or business. As its name implies, umbrella insurance sits “on top of” your other insurance policies like an umbrella, to provide added financial protection in the event that other policies cannot cover the loss.
It used to be that only the very wealthy needed umbrella insurance. Unfortunately, in today’s sue happy atmosphere, anyone can be sued for any reason at any time, and umbrella insurance provides added protection against losses. If someone falls on your front steps or your tree falls on a neighbor’s house during a storm, they can successfully sue you for damages. Anything that happens on your property or because of your property is fair game and not always covered by traditional homeowners’ insurance. Umbrella policies provide protection in many situations that usual liability policies don’t cover.
If you are looking for California umbrella insurance from the Redwood City Peninsula to the Tracy Central Valley, TCS Insurance Brokers offers competitive rates and a wide assortment of policies to keep you protected!
What is Umbrella Insurance?
Liability issues are everywhere and you never know what could cause someone to present you with a lawsuit. Basically, Umbrella Insurance policies protect you from liability issues that go beyond the liability limits of standard insurance policies, such as your home insurance or auto insurance. This policy literally puts you under its umbrella so that when you exceed the liability coverage limits on an insurance line, you will still be protected.
What Does Umbrella Insurance Cover?
Most liability coverage that rests within your current insurance policies only covers bodily injury and property damage to others. Umbrella policies will extend those limits to not only provide additional coverage for bodily injury and property damage, but also to cover things that are not listed under regular liability allowances. Every policy is different, so what is considered a covered liability issue under one insurance line may not be covered on another insurance line. Umbrella Insurance kicks in when these situations present themselves and/or you exceed the amount of liability coverage for the events that are already allowed under your regular insurance policies.
Why Should You Purchase Umbrella Insurance from TCS Insurance Brokers?
You may not think you need an umbrella policy, but consider this: What happens to you and your family’s assets should you be sued for something that occurred at your home and the legal costs of the lawsuit greatly exceed the liability coverage defined by your homeowner’s policy? Who will pick up the tab if you are responsible for a multi-car accident and your liability costs exceed the limits on your car insurance by thousands of dollars? Although these kinds of things may not be common occurrences, you cannot be too careful. Umbrella Insurance is typically purchased at a low cost to you, but will provide enough coverage to where you shouldn’t have to worry about liability costs in the future.
Every umbrella insurance policy has a limit. When you talk with us, you will be asked to detail your assets, risks, and other insurance policies to determine your umbrella policy limits. Of these details, your risk carries the most weight. Do you live in a wealthy part of town and affect the lives of many people? Do you own property on which others may become easily injured, such as a bar or an ice-skating rink? These details will play a significant role in determining your umbrella policy limits.
With an umbrella policy from TCS Insurance Brokers, one can add an additional 1-5 million in liability protection for as little as $180 per year.
California Business/Commercial Insurance TCS Insurance Brokers Provides
In addition to Umbrella Insurance, you can rely on TCS Insurance for other insurance related to your business:
*Information on some items listed above may not be on our website. Please call for more details. *
© 2014 Domingo Ramos Total Client Satisfaction Insurance Brokers 894 W. 11th. St. | Tracy, CA 95376 Questions? Call (209) 207-0577 or (866) 968-8393