Understanding How Umbrella Insurance Can Protect You and Your Family

Protecting your family from unwarranted and unwanted litigation is possible through personal umbrella insurance, a fact that many people do not know. If you are a high net worth individual, there is no reason for you to not have an umbrella insurance policy in your portfolio. The team at Quest Financial and Insurance Services in Twinsburg, OH is here to answer any of your questions relating to personal umbrella insurance and how it can help to protect your family.

How a Personal Umbrella Insurance Policy Can Protect Your Financial Interests

An umbrella policy is a sort of backstop to your primary liability insurance policy. If you or your family is involved in a lawsuit, the coverage and protection provided by your primary policy can be exhausted. If the damages brought against you are more significant than the coverage of your primary policy provides, then your secondary, or umbrella policy, can be utilized to fill the gap. This coverage can mean the difference between having necessary coverage and having to cover litigation damages out of pocket.

Liability cases can be ruinous to families that do not carry adequate coverage because they are often required to cover damages with their funds. When you have a personal umbrella policy in place, your fortune is protected up to the amount of coverage provided by both the primary and secondary policies. It is essential to review your liability coverage to ensure that you are carrying adequate protection.

Interested in learning more about the role that personal umbrella insurance can play in your overall insurance portfolio? Contact Quest Financial and Insurance Services here in Twinsburg, OH to set up an appointment to meet with one of our knowledgeable agents.