What Are the Benefits of Having Umbrella Insurance?

At CG Insurance Agency in Williamston, MI, we get a lot of questions about umbrella insurance. Umbrella insurance is an important type of insurance to have, but it’s not required by law like auto or health insurance. So, why do you need it?

Here are four reasons to consider umbrella insurance:

Protects You from Lawsuits

If you’re ever sued for damages that exceed the coverage of your auto or home insurance policy, umbrella insurance will help pay for the costs of the lawsuit, including attorney’s fees, court costs, and any damages that you’re liable for. Without umbrella insurance, you could be left to pay these costs out of your own pocket. 

Offers Extra Protection for High-risk Activities

If you participate in activities that carry a higher risk of bodily injury or property damage, such as swimming, skiing, or skateboarding, umbrella insurance can offer additional protection in the event that you’re sued for damages. 

Cover Expenses Not Covered by Your Home or Auto Insurance Policy

Umbrella insurance can also cover certain expenses that aren’t included in your home or auto insurance policy, such as slander, libel, and false arrest. If you’re ever faced with one of these expenses, umbrella insurance can help you pay for them. 

Helps You Save on Home and Auto Insurance

Umbrella insurance can also help you save money on your home and auto insurance premiums. insurers often offer discounts to policyholders who carry umbrella insurance. 

Get Umbrella Insurance Now

At CG Insurance Agency in Williamston, MI, we always recommend umbrella insurance to our clients because it offers so many valuable benefits. If you have any questions about umbrella insurance or any other type of insurance policy, don’t hesitate to contact us today. We’d be more than happy to help you find the right policy for your needs.