You probably have auto and home insurance for your car and home, respectively. Why then would I need additional liability insurance? You may ask. Your conventional liability coverages may not always be enough to cover a significant liability claim. That’s the reason many people are turning to umbrella insurance.
Umbrella insurance offers additional financial security if the limit of the underlying liability policy is exhausted. We at Lee Insurance Agency LLC have seen it all. That’s why we encourage people in North Carolina to buy umbrella insurance, as it can save them from significant financial turmoil.
This is How Umbrella Insurance Protects You
Shields your assets and properties
If you have assets, consider umbrella insurance. Most people with properties or high net worth are at risk of lawsuits. Umbrella insurance protects your assets in case of costly lawsuits.
It offers you higher liability coverage
People assume that a standard insurance policy protects them entirely in an accident or incident. These coverages have limits, and the damage incurred may be more than the limit. In such circumstances, when the damage exceeds the limit, umbrella insurance kicks in and pays for all the expenses.
Provides you with additional coverage
Umbrella insurance offers a broader protection form that your standard liability insurance will not cover. Umbrella insurance covers incidences like slander, wrongful arrest, defamation, or libel, which the liability coverage may not cover in your car, auto, or boat insurance.
Umbrella insurance in North Carolina
Most people are surprised at how affordable umbrella insurance is compared to the value it adds to one’s life. Don’t wait until a disaster comes your way to find out the benefits of umbrella insurance. Protect yourself inside out with umbrella insurance from Lee Insurance Agency LLC in North Carolina. Call us today for an affordable quote.