You might benefit from umbrella insurance if you are a senior or retiree in Ft. Wayne, IN. This type of insurance gives you an extra layer of protection on top of what you have. It could be especially useful if you have a business, rent your home as an Airbnb, or even have your grandchildren or neighbor’s kids over a lot. If you have a sizable amount of assets, umbrella insurance can also help protect these assets. Wise Insurance Agency provides this guide in navigating this important coverage.

General Scenarios to Consider

Umbrella insurance typically kicks in after other types of coverage have been used up. For instance, if a car accident exhausts your auto coverage limits, umbrella insurance might cover what is left. General scenarios in which your normal coverage limits could be exceeded include an Airbnb guest falling on your property, your neighbor’s child breaking his leg severely on a play set in your yard, or your business getting sued. Wise Insurance Agency can help you figure out if umbrella insurance could be useful for your situation.

Retirement Income Is Not Always Reliable

Unfortunately, retirement income is not always the most predictable. Some seniors are just one or two crises away from not being able to pay their bills. Umbrella insurance could help if unpredictable expenses occur. Home insurance, car insurance, and other types of insurance are critical, of course, but umbrella policies offer more comprehensive protection for not much more money per month than what consumers already pay.

Give Us A Call

Wise Insurance Agency is here to provide you with expert insurance advice in the greater Ft. Wayne, IN community. Get in touch today for information and details on umbrella insurance.