It’s essential for consumers in Miami, FL to understand how umbrella insurance coverage protects their finances. At Prestige Insurance Group, umbrella insurance is one of several types of insurance we provide.
The following are three reasons why it’s vital to have umbrella insurance coverage to protect yourself financially.
Umbrella coverage enhances home and auto insurance policies.
Home and auto insurance is essential for protecting you against liability expenses. However, home and auto insurance policies have limits. You could find yourself having to pay out of pocket if you’re involved in an incident that costs more than your home or auto insurance policy maximums.
Fortunately, umbrella coverage enhances the coverage offered by other policies you have. Umbrella insurance coverage kicks in if you go over your policy maximums for your home or auto insurance policies.
Umbrella insurance covers the costs of legal representation in lawsuits.
Anyone can be sued. If you find yourself facing a lawsuit, the costs of legal representation can be extremely high.
Fortunately, umbrella insurance coverage protects you against the costs of legal representation for liability suits in a wide variety of cases.
Umbrella insurance gives you peace of mind.
Without umbrella insurance coverage, you might be putting your assets at risk. A single accident could potentially wipe out your entire net worth without umbrella insurance coverage.
Umbrella insurance coverage can give you peace of mind. When you have umbrella insurance, you enjoy added financial security and won’t be as significantly affected financially if you do get sued down the road.
You can find the right umbrella insurance policy by contacting us at the Prestige Insurance Group. Consumers in Miami, FL can take advantage of protecting their assets by investing in this important financial product.