As a resident of Missouri, you have toiled and marshaled wealth over the years. It's important to protect it. Purchasing an umbrella insurance policy provides calamity protection to a company or an individual against financial crippling lawsuits attracting substantial amounts of money as damages. This form of the policy pays money above the underlying liability limits of your existing home, auto, or business policies.
In Missouri, motorists must carry minimum personal liability coverage, but it's prudent to purchase an umbrella insurance policy that offers additional personal liability coverage above your auto and homeowner’s insurance. In a nutshell, an umbrella insurance policy is the ultimate protection against lawsuits and claims from accidents you have caused and protects your future income from garnishment. This policy can shield you against paying damages that exceed your vehicle or homeowner's insurance coverage limitations.
It's paramount to inquire about what type of coverage is right to obtain good customized umbrella insurance. Do you want to acquire protection above and beyond your auto and homeowner's Missouri policies? Visit us today at AHG Insurance Services LLC offices, for more information about umbrella insurance.
What is umbrella insurance? This is an extra liability insurance policy that goes beyond the regular limits of the insured's auto, watercraft, and homeowner's insurance policies. It offers an additional layer of security to those who are at risk of arising lawsuits for damages to other people's property as well as injuries caused to others in case of an accident.
The two potential candidates for acquiring umbrella insurance include people who own possible hazardous property or considerable assets and those involved in activities that aggravate their risks of being sued.
What is covered by umbrella insurance?
- Libel, slander, or defamation.
- Personal injury.
- Property damage.
- Legal representation fees.
- False arrests.
There are situations which are not covered under umbrella insurance, are:
- Business-related losses.
- Contract disagreements.
- Damages or injuries arising from criminal activities.
- Damage to your personal property.
The umbrella insurance comes into play after the primary policies have been depleted. Are you a resident of Missouri and its surroundings? Feel free to contact us or visit our AHG Insurance Services LLC offices for customized umbrella insurance quotes.