At Agency Advantage Insurance in West Bloomfield, MI, we believe that feeling secure is just as important as the coverage itself. Most people understand the basics of auto and homeowners insurance, but umbrella policies are often overlooked. These policies can go far beyond the usual coverage, stepping in when things take an unexpected turn.

Protection Against Major Lawsuits

One of the most surprising things umbrella insurance covers is legal defense and settlements. If someone sues you for slander or libel, your standard insurance may not help, but umbrella insurance can. It also steps in when you’re liable for a serious accident and the costs exceed your existing auto or homeowners policy limits. In today’s world, lawsuits can be financially devastating. Having extra coverage can protect your savings, home, and future income.

Coverage for Incidents Not on Your Property

Umbrella insurance also protects you from incidents that don’t even happen at your home. For example, if your dog bites someone at the park or your child accidentally damages school property, you could be held financially responsible. These situations might seem minor, but they can add up to thousands in damages. An umbrella policy can provide coverage where your other policies stop.

Support for Uncommon Scenarios

There are also unique situations that people rarely think about. If you rent out property or serve on a nonprofit board, you could be exposed to liability. Even volunteering can sometimes lead to a claim. Umbrella insurance helps cover these less common but very real risks.

At Agency Advantage Insurance in West Bloomfield, MI, we’re here to help you understand the full value of umbrella insurance. It’s more than extra coverage; it’s protection for the unexpected.