Summer is a season full of opportunity for relaxation, outdoor fun, and making lasting memories. Whether you’re hosting a backyard barbecue, attending a family reunion, enjoying a summer road trip, or spending time at the lake, it’s important to make sure you’re fully covered. While homeowners and auto insurance offer essential coverage, these policies may not provide the full protection you need during the busy summer months. This is where umbrella insurance comes in as an extra layer of protection.
What is Umbrella Insurance?
Umbrella insurance is a supplemental policy that extends the coverage limits of your existing homeowners, auto, or boat insurance. This type of insurance covers additional costs in the event of an accident, injury, or lawsuit that exceeds the limits of your primary insurance policies. It acts as an extra safety net that ensures you’re fully protected when things go beyond the typical coverage levels.
Why You Need Extra Insurance
Extra Liability Protection: Umbrella insurance is designed to provide coverage for lawsuits and legal expenses that surpass the limits of your primary insurance. For example, if you’re hosting a summer party and a guest gets injured on your property, your homeowner’s insurance may cover part of the medical costs. However, if the costs exceed your policy limits, umbrella insurance will help cover the excess. Similarly, if you’re in a car accident and the damages exceed your auto policy, umbrella insurance will take care of the additional costs.
Protects Your Assets: Whether you’re enjoying a day at the beach, participating in outdoor sports, or spending time with family, summer activities can sometimes lead to unexpected accidents. Without umbrella insurance, you risk losing your savings, home, or future income. This extra coverage helps protect your assets from unforeseen financial losses.
Affordable Coverage: Many people overlook umbrella insurance because they assume it’s costly, but it’s actually quite affordable considering the extensive protection it offers. For a low premium, you can significantly increase your coverage limits and have peace of mind knowing your financial future is safe.
When Should You Consider Umbrella Insurance?
Insurance is especially beneficial for individuals with significant assets, such as a home or savings, or those who participate in activities that increase their risk of being sued, such as hosting large gatherings, renting properties, or driving frequently. If you’ve recently made significant purchases or if your family’s needs have changed, umbrella insurance can help fill the gaps in your current coverage.
At Hibbs Insurance, we recommend insurance to ensure that you’re fully protected for both expected and unexpected events. It provides a layer of security when your primary policies are insufficient to cover potential liabilities. Whether you’re enjoying a barbecue, taking a road trip, or hosting a pool party, insurance can help protect your assets and provide the financial security you need.
Don’t wait for the unexpected to happen—protect your family and your assets with the right insurance coverage. Contact us today to discuss how umbrella insurance can help you stay protected during your summer activities and beyond.
