Want extra protection? Consider getting an umbrella insurance policy.

If you’re like most Americans, you probably haven’t thought about an umbrella insurance plan. However, an umbrella policy is a great way to add “extra protection” over and above the coverages provided on auto and home insurance policies. Wondering if an umbrella plan is right for you? Here are some ways to tell.

You Have an Income

Today, anyone could be on the receiving end of a lawsuit. If you have an income and financial assets, you could run the risk of being targeted for legal action. Unfortunately, if the court’s judgement doesn’t go your way, then your savings, home value, future earnings, and other assets could be at risk. If you have a personal umbrella policy, then this policy coverage will provide additional coverage for legal fees regardless of fault. Additionally, if you are found guilty, then your umbrella policy could cover payment and settlement costs. Without the protection offered by personal umbrella insurance, the cost of defending yourself and the cost of the verdict would be your responsibility.

You Drive

Even if you are a safe driver and have never had an accident, there are still plenty of bad drivers on the road. To make matters worse, if an uninsured or underinsured driver barrels into your car, then you will be the one who suffers the losses. If this happens to you, and your personal auto insurance coverages are exhausted, the additional coverage limits provided by a personal umbrella policy can aid in covering injuries, lost wages and/or damages resulting from an accident with the uninsured or underinsured driver. For the cost of an umbrella policy, it well outweighs the losses if your primary policy coverage is depleted. Give us a call or check with your insurance agent to discuss the benefits of this additional protection for you and your family.

You Want Affordable Insurance

Many people don’t consider a personal umbrella policy simply because it is not a mandatory line of insurance. While not a required form of insurance, an umbrella policy provides coverage for many of your different assets and additional coverage for your personal liability and that of your family members.  From your savings to your comic book collection to your lake house, to protecting your student away at college, you can have extra peace of mind by adding an umbrella policy to your insurance portfolio. According to experts, a personal umbrella policy provides the most comprehensive coverage for the cheapest price. Dollar to dollar, this is one of the best insurance protections you can have above and beyond your basic home and auto insurances.

If any of these reasons apply to you, it’s time to consider a personal umbrella insurance policy. To discuss adding a personal umbrella policy to your coverage, contact the team at Randy Jones Insurance Services in Pleasanton, California. Our experts are ready to assist you with all your insurance needs.