Umbrella Insurance in North Carolina
In North Carolina, no one is mandated to purchase umbrella insurance. Many people, however, decide to purchase it to add an additional layer of liability insurance to the insurance policies that they already have. Umbrella is excess liability insurance and it is not a type of policy that you can purchase unless you already have a policy that includes liability. This includes auto, home. condo and renter’s insurance. At Lee Insurance Agency LLC in Four Oaks, NC, we are a locally owned independent agency. We don't owe our loyalty to one carrier; we work for our customers to find them the right policy for an affordable price.
To understand how an umbrella policy works, think about how an umbrella protects you from rain. It keeps you safe and dry, and when you have an umbrella policy it does the same for your assets. If someone is injured and you are at fault, your primary insurance policy will cover the liability up to the limit of your policy. An umbrella policy will kick in when your policy limit is surpassed and covers you to the limit of your umbrella policy. Judgments have been rising and, in the event, you have a judgment against you, your assets could be at risk. Your future earnings could also be at risk.
An umbrella policy protects you against a large judgment and the legal fees that come along with it. It will also cover your personal legal fees for your defense. Most umbrella policies begin at one million dollars and go up from there.
If you are looking for an insurance agent you can trust, the team at Lee Insurance Agency LLC in Four Oaks, NC provides the personal service you have been looking for. Umbrella insurance is an affordable way to protect your assets. We look forward to discussing it with you on the phone or in our office. We will happily provide a no-obligation quote.