When life hands you lemons, you make lemonade. But what do you do when it sends a downpour of disaster? This is where an umbrella policy can help, as it provides an additional layer of liability protection that goes over and above the limits of your primary coverage.
Umbrella insurance is a tool that can help protect your financial well-being. Just like an actual umbrella keeps you dry in the rain, umbrella insurance works to help you keep your head above proverbial water when your primary liability insurance policies reach their limit. In the event of a covered claim, an umbrella policy can serve as an extra layer of insurance protection that can help to pay for certain financial losses that exceed the limits of your primary liability coverage.
In today’s litigious environment, even a simple, single lawsuit can result in a judgment against you that exceeds the limits of your primary liability insurance coverage. Having an umbrella policy can help to provide an additional layer of liability coverage that sits over your primary coverage limits, which can help reduce the exposure of your hard-earned personal assets.
Want to know more? Contact Cross Private Client today and let one of our knowledgeable agents help you explore your options.
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This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.