Umbrella Insurance: Know the Facts

If you’re not familiar with umbrella insurance, it’s a type of liability insurance designed to keep you and your assets protected from large lawsuit judgments against you. Losing a lawsuit could result in a devastating financial loss, but an umbrella policy can keep you protected in Oro Valley, AZ. Here’s a look at some of the facts about umbrella insurance that you need to know.

Fact #1 – You Could Lose Everything if You Don’t Have It

Why considering buying umbrella insurance from Old Pueblo insurance? If you don’t have this insurance, it’s a fact that you could lose everything. If you’re in a car accident where the other driver gets injured or a neighbor trips on your sidewalk and falls, you could end up with a lawsuit. Most homeowner’s or auto insurance policies have limited coverage, and having umbrella insurance can protect you from having assets seized, wages garnished, and other financial consequences.

Fact #2 – There are Many Liability Risks

Even if you think you live a boring, quiet life, you need to realize that there are many liability risks all around you. Your child’s friend could try diving into your backyard pool and miss. A neighbor could be bitten by your dog. The babysitter may trip and fall down your stairs. You may hit and injure a pedestrian you didn’t see. You have to be prepared for these worst-case scenarios so you’re not financially ruined if these issues do occur.

Fact #3 – Umbrella Insurance Coverage is Inexpensive

You won’t pay a lot for umbrella insurance coverage in Oro Valley, AZ. These policies are very reasonably priced, and for a small investment you can make sure you’re properly insured and financially protected.

If you’re ready to get protected with umbrella insurance, contact Old Pueblo Insurance today and we’ll help you find a policy that meets your needs and suits your budget.