Protect Your Assets With an Umbrella Insurance Policy

A type of personal liability insurance, an umbrella policy is like having insurance to cover your existing insurance policies, such as home or auto. For example, you’re at fault for a severe auto accident that causes significant damage, victims sustained injuries resulting in extensive medical bills, and someone sues for emotional trauma. If your auto insurance policy doesn’t cover the expenses, including related legal fees, you may be personally responsible for the costs. With an umbrella policy, you have complete peace of mind knowing that your wealth is protected in even the worst case scenario.

Umbrella policies can cover a variety of circumstances, including injuries that occur on your property, damage that is caused to your reputation due to slander, libel, or defamation, as well as property damage, and court costs. Having this level of peace of mind can be invaluable when you have worked for so long to build up wealth.

The specifics of purchasing a policy, however, can be complicated. How much do you need, is there a deductible, does it cover a specific situation or asset that you really want to have covered — these questions are an essential part of deciding which policy to get and who to work with.

Hemgren Family Insurance is a local Minnesota family-owned insurance agency that cares deeply about each client. If you want additional protection for your assets and family, contact us today and we’ll help you find a plan that works for you and your needs.