Should I Consider Umbrella Insurance?

Umbrella insurance is not a requirement for those who live in the Ft. Wayne, IN region, though it is an option many consider to protect them in various avenues of life. Your Wise Insurance Agency representative can further help you determine what types of umbrella insurance to consider. 

Why Umbrella Insurance?

Umbrella insurance is designed to work together with policies that you have already procured, and this means that there are available indemnifications for almost every major insurance category. 

Your standard indemnification will carry limits to protect you against various covered perils, but when these caps are reached, your umbrella insurance will begin to pay for expenses. These ceilings are typically much higher than your primary policy and can extend into millions of dollars. 

If your company does business in a manner that can see lawsuits of exorbitant amounts, for example, an umbrella insurance policy is one way to make sure you won’t be bankrupted by a product or service failure. Another benefit of umbrella insurance is that it will contain other insurance subtypes to cover additional types of hazards. 

People who own specialty vehicles, rare, or hard-to-replace cars may opt for a higher coverage value due to the unlikely scenario that regular automobile insurance can completely cover costs. 

Likewise, if your home is particularly valuable or you own items that are heirlooms or costly, umbrella insurance may be a good choice. This same principle can also apply to renters insurance, as your personal possessions will be a consideration in the coverage you choose. 

Wise Insurance Agency is Here to Help

We can put together a specialized insurance package to meet your every need, and we invite you to speak to one of our trained associates to discuss the particulars of your situation. We serve clients who live in and around the Ft. Wayne, IN area.