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Kentwood, MI 49508

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Three unique things about umbrella insurance you should know

Your insurance company in Grand Rapids, MI, may probably have suggested that you get umbrella insurance on top of your home and auto policies.  The policy might be quite confusing if you don’t know how it works, and that’s why Dalessandro Agency Inc. recommends learning more about the policy before making any purchase. Here are the top 3 unique things about umbrella insurance.

Liability and more liability

Umbrella insurance is all about liability coverage. Our litigious environment puts all of us at risk of getting sued every time because of accidents, including dog bites, malicious statements, threats, and wrong or misleading information. The sad part is that it doesn’t matter if it was accidental or not. Umbrella insurance is designed to add extra liability to what you already have in your home and auto policies. Lawsuits can be expensive to cover. There is a high probability that your home insurance or car insurance may not be adequate to cover all expenses, and that’s where umbrella insurance comes in.

It covers everyone in your family, including pets

While an umbrella policy is a type of personal liability policy, it protects your family members too. If you or a member of your family caused an injury or property damage to other people, your umbrella insurance can come in to cover the remaining amount if any of your primary policies are rendered inadequate.

Everyone needs it

Never say never. Everyone is at risk of getting sued or held liable for any accident they or their family members caused. Whether you’re a parent, asset owner, homeowner, or wealthy individual in Grand Rapids, MI, you will greatly benefit from umbrella insurance, especially if you have limited liability coverage in your primary policies.

Don’t wait till you gather your wealth to buy umbrella insurance; you might end up losing it all. Let Dalessandro Agency Inc. help you find a policy that matches your needs. Call us today!

Is Umbrella Insurance for You?

Most people have insurance coverage to protect their home, auto, RV, boat, or other assets in Michigan. However, even with this coverage, you could suffer financial loss due to liability issues that lead to lawsuits. Umbrella insurance from Dalessandro Agency Inc. in Grand Rapids, MI increases your liability protection to safeguard your assets against any eventuality. If you’re wondering if umbrella coverage is for you, consider the following:

What is Umbrella Coverage?

Umbrella insurance is personal liability coverage that exceeds the liability coverage you currently have through your home, auto, RV, or boat policies. Umbrella policies don’t stand alone – they supplement other liability insurance policies. Umbrella coverage starts where your other liability insurance leaves off, covering damages above and beyond the limits of your other policies.

What’s the Purpose of Umbrella Coverage?  

If you have a substantial amount of assets, you could be at risk of a lawsuit due to an accident on your property or the unintentional injury you cause. An unexpected lawsuit could cut into your savings, investment funds, or even your current and future income, causing financial upheaval in your home. With the extra protection that umbrella insurance offers, you don’t have to worry about unfortunate events leading to financial ruin.  

Do You Need Umbrella Coverage?

Your auto, home, RV, or boat insurance policies are limited in the liability protection they have to offer. If the damages of an auto mishap or home accident exceed the limits of these policies, you may find yourself struggling to cover additional costs. Serious accidents can easily lead to lawsuits, putting even more financial pressure on you to cover legal fees and settlement out of pocket. Umbrella insurance can safeguard you and your family from liability issues that threaten your financial future.

To purchase your umbrella policy, contact Dalessandro Agency Inc., serving residents in Grand Rapids, MI.

Reasons Why Umbrella Insurance Is Important

For most of us, protecting our family and our belongings is the number one priority, and the best way to do it is to have insurance. However, sometimes your coverage might not be enough, and you need an extra level of security. That is where umbrella insurance steps in. Umbrella insurance offers additional liability protection above the limits of your other insurance policies. Since it is not a mandatory type of coverage, you might think of skipping it. However, before you decide to do it, Dalessandro Agency Inc., serving Grand Rapids, MI, urges you to check the list of reasons why umbrella insurance is worth getting.

You Entertain Guests At Your Home

If you invite people to your house, getting umbrella insurance is important because anything can happen. Your guest can injure themselves in your swimming pool, be bitten by your dog, or simply trip on a sidewalk leading to the porch of your house. These unfortunate events might result in serious injuries, liability claims, and high medical bills that you will have to pay. If you have an umbrella insurance policy, you have nothing to worry about because it will cover all the expenses. 

You Are Active On Social Media

If you actively use any type of social media and communicate with other people, you should consider getting umbrella insurance that covers slander and libel (written and spoken defamation). For example, if you post a review about the restaurant and complain about their unhygienic kitchen, the restaurant might sue you for libel. 

You Are A Parent

If you have dependent children, umbrella insurance will protect them if they cause an accident. For example, let’s say that your teenager caused an accident by damaging somebody else’s car or property. Umbrella insurance will kick in and cover the damage inflicted by your child.  Another example is when your younger kid is playing outside with a ball and breaks your neighbor’s window by accident. Your umbrella insurance policy will provide additional liability coverage in this case. 

If you are a resident of Kentwood or Grand Rapids, MI and you are searching for a way to protect yourself and your family, Dalessandro Agency Inc. is ready to assist you. Give us a call to learn more about umbrella insurance and find the policy you need.