If you are found liable for an injury that occurs on your property, you could be sued. A lawsuit can be a very disruptive and damaging experience. Having the right insurance policy can help. At Dalessandro Agency Inc. servicing Grand Rapids, MI, we help our clients get the right policy for their needs. If you are a party in a lawsuit and need to file a claim with your insurance company, we can help with that as well.
When Does a Lawsuit Affect Your Savings?
If you lose a lawsuit, you could lose your personal savings, depending on the amount of the lawsuit and the amount you have in your savings. Even if you win the lawsuit, the stress of being sued can be detrimental in many ways.
How Can Your Insurance Company Help?
Home insurance may help with a lawsuit by providing coverage that pays for legal fees and other related expenses when you are sued due to an injury that occurs on your property. Standard home insurance provides liability coverage for this type of event. If the lawsuit exceeds your liability coverage, you could still lose part or all of your savings to cover the difference.
Who Needs Umbrella Insurance?
Umbrella insurance provides extra liability coverage if you are sued. While your home insurance may pay the legal fees up to your level of coverage, if the lawsuit exceeds the amount of coverage, then umbrella insurance will provide additional coverage. People who choose to get umbrella insurance are often people who are at special risk of being sued. Homeowners with a pool or trampoline often get umbrella insurance in case of an injury while a guest is on their property.
Do You Need Umbrella Insurance? Call Today
If you want umbrella insurance, contact the professionals at Dalessandro Agency Inc. servicing Grand Rapids, MI. We’re an independent insurance agency, and we can help you get umbrella insurance coverage from one of our insurance carrier partners.