As seasoned insurance brokers in Tustin, CA, we at Gambino & Wasson Insurance Brokers, Inc. realize accidents or unforeseeable incidents don’t always neatly fit within the standard insurance policy limits.
So, what happens when the unexpected strike leads to costs that cross your primary policy’s boundary? That’s where umbrella insurance steps in to shield you.
What is Umbrella Insurance?
Umbrella insurance is an additional layer of liability protection over your primary insurance policies like auto, homeowners, and boat insurance. It extends your coverage beyond standard policy limits, ensuring that large claims or lawsuits don’t drain your finances.
How Does Umbrella Insurance Fill Coverage Gaps?
Occasionally, there are situations that your regular insurance will not cover. Suppose you’re held accountable for incidents such as slander, libel, invasion of privacy, or even damage to someone’s reputation caused from your social media posts. These may not be included under standard policies, yet can lead to hefty legal expenses. An umbrella insurance can step up to cover such scenarios thereby closing the coverage gaps.
Is Umbrella Insurance Right for You?
If your assets, including personal belongings and future wage earnings, are more than your primary policy’s limits, umbrella insurance offers a cost-effective way to gain higher liability limits. Remember, anyone can be sued. Without enough liability coverage, your financial future could be at risk.
At Gambino & Wasson Insurance Brokers, Inc. in Tustin, CA, we believe protecting you and your assets from the unexpected is paramount. Let us help you understand how umbrella insurance can ensure you’re adequately covered. Reach out today.
