Umbrella Insurance
You should not have to fear lawsuits. Unfortunately, your standard homeowners insurance or car insurance policy might not give you the coverage you need if you’re sued. Umbrella insurance policies fill that gap. They provide coverage above and beyond your homeowners insurance or auto insurance. It can be a dog bite, car accident, or an accidental injury, it doesn’t matter because an umbrella policy through Arcadia Insurance will have you covered.
Basics of an Umbrella Insurance Policy
If you have liability concerns above and beyond your homeowners insurance or car insurance, then an umbrella policy can give you more coverage. Car insurance, house insurance, and renters insurance have some liability coverage. However, many individuals need more than what’s standard. All policies have liability limits and exclusions. Unfortunately, accidents and lawsuits do not consider your liability limits before they happen. This means you can be left with a car accident or injury on your property that far exceeds your liability coverage. If you do not have an umbrella insurance policy, you will have to pay out of pocket. Thankfully, Arcadia Insurance has access to countless umbrella policies at affordable rates.
Umbrella Policies: Michigan and Minnesota
Believe it or not, but nearly everyone should have an umbrella insurance policy. Michigan and Minnesota residents are open to a lawsuit from numerous sources. Lawsuits are common, and more than ever, even seemingly silly lawsuits can be successful. All it takes is one lawsuit because someone trips on your porch, and you can lose everything. Most of us know someone who has been sued in Michigan and Minnesota. Umbrella insurance policies help you when that happens. If you want to make sure you’re covered from liability risks, then you will want an umbrella policy.
What is Covered Under an Umbrella
In general, an umbrella insurance policy will provide you liability protection beyond what you get in your home insurance or car insurance. When many people move to Michigan, they wonder why is car insurance so expensive in Michigan. It is because Michigan drivers are legally required to have high medical coverage limits. The state does this to ensure that all drivers have levels of liability protection. They know that standard levels of liability found in most policies in most states aren't enough. That is why you need umbrella insurance. For anything that exceeds your coverage limits or for something excluded.
Umbrella policies cover numerous liability risks, including protection from reputational damage. Your policy can cover slander, libel, or defamation awards if you’re ever held liable for damages. At the same time, your legal costs of fighting these charges or others can be covered. Each policy is different. Every insurance carrier has their own unique specialties. At Arcadia Insurance, we know that everyone is different, which is why one-size-fits-all policies don’t work. That’s why we help you find the perfect coverage for your life with premiums that won’t break the bank.
Arcadia Insurance Has the Umbrella Insurance Policy You Need
No matter how careful you are, accidents happen. When they do, there is always a risk of a lawsuit. Do not leave yourself vulnerable to life’s inevitable misfortunens because you do not have the liability protection you need. Get an umbrella insurance policy today with the professionals at Arcadia Insurance.
We are proud to serve the residents of Michigan and Minnesota. We understand the devastation that can happen when you lose a lawsuit and cannot afford the award. It can lead to financial ruin. Because of this, we work hard to protect you from these pitfalls. You should get to live your life without constant fear of economic ruin. Contact us now so that we can put your mind at ease with an affordable umbrella policy right away.
