Anchor Insurance Offers Umbrella Policies
If you already have home and auto insurance, you may want to consider personal liability umbrella insurance to supplement your protection. Anchor Insurance can supply you with such coverage to provide a higher limit or additional liability to protect you from property or bodily injury liability claims. Our knowledgeable agents will help you determine whether this form of insurance is right for you and customize a plan that meets your needs. We have extensive industry experience and are committed to your satisfaction and protection. Our team offers local support with the backing of a nationwide network, so call us today.
Understanding How Umbrella Insurance Works
The purpose of umbrella insurance is to protect you against an unforeseen accident for which you are responsible. It offers a broad form of coverage that may include legal fees, libel, slander, or even false arrest. Without an umbrella policy, your assets may be vulnerable. But such a policy from Anchor Insurance can safeguard your home, car, investments, savings, retirement accounts, and even future income. If a claim is made against you after you have reached your basic liability limits or under a scenario that is excluded from your basic liability coverage, umbrella insurance will provide the protection you need.
What to Consider When Choosing Coverage Limits
The experts at Anchor Insurance will help you choose an umbrella insurance policy that is right for you. We will also be there to assist if you ever need to file a claim. Factors to consider when choosing your coverage limits to include:
- Risks – It is essential to calculate how likely you are to cause an accident in your home, on your daily commute, or during any of your routine activities.
- Assets – The value of your assets may dictate how much coverage you need. Take into account your properties, belongings, stocks, bonds, retirement funds, and savings.
- Future Income – Liability lawsuits can result in the loss of future income, so be sure to protect expected earnings.
Types of Protections Umbrella Policies Offer
You never want an unfortunate accident to put you in financial peril for years to come. Therefore, you should consider umbrella insurance from Anchor Insurance. We will customize a policy that meets your personal and professional needs. Depending on the plan you choose, you may have coverage for:
- Professional Liability
- Property Damage
- Rental Properties