350 Sardis Rd ,
Asheville, NC 28806
An umbrella policy can give you extra liability protection and cover additional things that your homeowners, auto, or boat insurance won't include. If you have additional risks factors, such as a balcony, a pool, children, or pets, and have a higher risk of being sued, then you would want to have the additional coverage. An umbrella policy is not just for the wealthy, and even those without a lot of wealth aren’t immune from being sued. Additional coverage that an umbrella policy provides includes slander, false arrest, libel, wrong entry or eviction, and defamation of character.
Umbrella insurance is used when you have already reached the limits on your home or auto insurance. If you get into a car accident, the damage is bad, and there are a lot of injuries, you could be on the hook for more than your liability insurance covers. If you have $500,000, but unfortunately someone dies, and you are required to pay a judgment of $1 million, you are going to have to come up with an additional $500,000, unless you have an umbrella policy in place.
In order to qualify for an umbrella policy in Asheville, NC, you already have to have certain limits on your home and auto insurance. While it can vary slightly, you are likely required to have $500,000 per accident for bodily injury and $100,000 for property damage liability on your auto policy, as well as $300,000 for your home liability. An agent at Debruhl's Insurance Services can help you determine if you qualify.
Many insurance agents will recommend having $1 million in coverage for an umbrella policy, but it’s important to consider all your assets when determining how much coverage you need. Assets also include future wages, as these can also be taken to pay for a judgment.
Contact Debruhl's Insurance Services, serving Asheville, NC, to get a quote on umbrella insurance.