Umbrella insurance is the insurance you get when you know the caps on your existing liability and property insurance won’t cover worst-case scenarios. Umbrella insurance functions metaphorically as an umbrella to cover you when it rains big problems. You might be found at fault for a problem you wouldn’t even imagine ever happening to you.
At Lee Insurance Agency LLC, serving North Carolina, we know that you might need an umbrella on occasion but aren’t sure why. Here are some examples of unexpected lawsuits that your North Carolina umbrella insurance will cover.
Car Accident Liabilities
You know the basics of auto accident insurance in North Carolina. In most cases, your car insurance will pay for the damages from an accident.
If you are found to be liable, your insurance will pay for that too. Let’s say your car accident winds up breaking someone’s legs. Your insurance will pay for those medical costs.
But what if the legs that broke in the accident were gold medalist legs, and you wound up taking someone out of competition for the next four years. We’ve got an umbrella insurance policy for you because that’s an expensive problem.
Social Media Liabilities
Umbrella insurance is commonly used for defamation problems, but you could also be sued for harassment and pain and suffering. This happens a lot to people that say the wrong thing at the wrong time in a public forum.
Perform a random search online with social media outlets and the phrase "lawsuit," and you may be surprised. Someone could cash in on one of those comments. There is umbrella coverage for that.
Sometimes when there’s a problem in an apartment building or rented home, there are many problems. Property damage occurs. Someone that came to look at that slips and falls, and the problem never ends. This is another area that umbrella coverage is for.
Get a Free Quote
The thing about umbrella insurance is that it is there in case of emergencies. There are millions of potential emergencies you could have. Get a free quote from Lee Insurance Agency LLC serving North Carolina. We will make sure you are covered. Don’t let lawsuits turn into a life crisis.