• Missouri Certified WBE
• Cage ID: 9ZR65
• Licensed in Multiple States
Triple Guard Insurance 417-467-2814
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Umbrella Insurance - What is it? Do I need it?
​Umbrella Insurance is extra liability insurance. It is designed to help protect you personally from major claims and lawsuits and as a result it helps protect your assets and your future. It does this in two ways:
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Provides additional liability coverage above the limits of your homeowners, auto, and boat insurance policies. This protection is designed to kick in when the liability on these other policies has been exhausted.
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Provides coverage for claims that may be excluded by other liability policies including: false arrest, libel, slander, and liability coverage on rental units you own.
Example: So, let's look at an example to help you better understand how an umbrella policy would work to protect you. Let's say someone falls down the stairs in your home due to a faulty step and the cost of the injuries you caused due to not fixing that stair costs $500,000. Let's further say that the Injury Liability Coverage limit on your homeowners insurance is $300,000. Your homeowners policy will cover $300,000 of the injuries. But who will cover the remaining $200,000? Your umbrella policy will! It will cover the amount above the limit set in your homeowners policy, up to the limit you choose for your umbrella policy. Now, isn't that peace of mind? And the cost to carry an Umbrella policy is surprisingly affordable!
Triple Guard Insurance wants to talk to you about your coverage and offers a free review and quotes on making sure you have the right protection for today and tomorrow.
To learn more call us now 417-467-2814 or fill out the form and we will get back to you ASAP.
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