Umbrella Insurance

Basically, this is a type of coverage that supplements your traditional liability policies. Simply put, when your original policy is exhausted, umbrella insurance gives you added protection. This policy is particularly important when you own a lot of assets or valuable assets, and the chances of being sued are high. If you reside in South Carolina and fall under this category, you will have to give this extra thought.

You may find yourself in a situation whereby you are accountable for damages, meaning you need to pay for those losses. Also, you may be sued, and you need to cover legal fees for an attorney. This is where umbrella coverage comes into the picture. With a standard policy, it will cover those losses up to a certain point. Anything past your limit, you have to go back to your wallet. However, if you have an umbrella policy, it helps cover the additional liability up to a higher defined limit. This protects you from financial loss.

Your car, house, investment accounts, retirement plan, plus any other savings you have are considered assets. If you are sued, these assets are put at risk if you do not have enough liability insurance. Fortunately, an umbrella policy protects these assets.

Already have an umbrella policy? Let us review with you, how your umbrella integrates with your home, auto and other policies. Clicking the link below, to easily and securely send your current policy for our team to evaluate.