How Important is an Umbrella Policy

            An umbrella policy is one not many people understand the need for. However, this policy can be quite important. Policies such as your Florida home and auto insurance policies have a limited amount of liability coverage. This can be a huge problem for you. If you are faced with a situation such as a lawsuit against you, maybe because of an injury, you may not have enough liability coverage to fully protect you in such an instance, causing major financial strain.

            Liability coverage is the portion of a policy that protects another person’s bodily injuries that you are responsible for. If you do not have enough coverage on your insurance policy, you will end up having to pay out-of-pocket. Thankfully, there is another option. With policies’ limited liability coverage, you can purchase an umbrella insurance policy to extend your liability coverage.

            An umbrella insurance policy can cover you in the case of:

  • Slander/ Libel Lawsuits
  • Property Damage
  • Legal Fees

With the coverages this policy provides, it is easy to see why it is so important. Under your umbrella policy, you can have possessions such as your home, rental properties, auto, boats, golf carts, ATVs, and RVs under this policy.

            If you have any questions about umbrella insurance policies, contact Westgate-Jones Insurance Agency at 352-787-7548. One of our experienced agents will be able to assist you in finding a great Florida insurance policy that will suffice your specific needs. Also, make sure to explore our website to learn more about our agency.