Get DirectionsUmbrella insurance is a type of coverage that’s designed to protect you from some of the costs associated with personal injury or property damage claims. If you become involved in an accident, for example, and are found liable for damages – like medical expenses, legal defense fees, or even punitive damages – your umbrella insurance policy may cover some of those expenses. Meiners Insurance is here to assist Avon Lake, OH residents with all their insurance-related queries.
Who needs umbrella insurance?
Most standard homeowners or auto policies include liability limits that are too low to provide meaningful protection against large claims. An umbrella policy can often extend your liability coverage to a million dollars or more at a very reasonable cost when used as part of a well-designed insurance program.
Umbrella insurance is a great option for anyone who wants extra protection from costly personal injury or property damage claims. If you have a lot of assets that you want to protect, or if you have a high net worth, umbrella insurance can be a wise investment.
Umbrella insurance typically works in conjunction with other types of insurance policies, such as homeowners or auto insurance. It will provide additional coverage above and beyond the limits of those other policies in the event that you are sued or held liable for damages. This can be a great way to protect yourself from potentially costly legal expenses and damages.
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Umbrella insurance can also provide peace of mind to those who are concerned about being sued: even if you don’t end up using your coverage, the financial backup it provides could be invaluable if a lawsuit does come your way. To learn more about umbrella insurance and whether it makes sense for you, talk to an agent from Meiners Insurance today! We proudly serve the Avon Lake, OH area.
