If you want to protect your assets and future earnings, you need to invest in umbrella insurance. Yes, you may have a home, boat, or auto insurance policy, but these coverages are likely to run short when faced with significant liability claims. With this in mind, you need umbrella insurance from Magic City Insurance Group LLC in Vestavia, AL to protect what matters most in life.
Umbrella insurance is a coverage that gives you extra liability protection when you are faced with a significant liability claim. For instance, assume your dog bites a neighbor, and your home liability insurance has a limit of $30,000.
Suppose the medical bill currently stands at $50,000. Worse yet, the neighbor goes ahead to sue you, and you are slapped with a settlement claim of $60,000. Without umbrella insurance, you may have to fork out the uncovered expenses of $80,000 from your pocket!
Umbrella insurance is liability coverage — it covers you when accused of third parties. Ultimately, umbrella insurance covers you when you are facing the below accusations from other people:
The other beauty of umbrella insurance is that it doesn’t have a geographical limitation. Unlike other liability coverages restricted to America only, umbrella insurance can cover you if you are anywhere in the world.
As you can see, umbrella insurance is the safety net you need to protect your assets and future income. Need to get started with umbrella insurance in Alabama, Mississippi, Tennessee, or Texas? Look no further than Magic City Insurance Group LLC in Vestavia, AL for all your umbrella insurance solutions.
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