Is Umbrella coverage worth the cost?

Many people go back in forth on whether or not it is important to purchase an umbrella insurance policy, it is, after all, an extra expense to your annual insurance costs. One should seriously consider purchasing an umbrella policy for financial protection. An umbrella policy is almost always worth it, but if you have certain situations, it is more than worth the cost. If you are Centralia, IL area and are interested in determining whether an umbrella policy is right for you, please reach out to an agent at Alcorn Insurance agency.

If you have a dog it is definitely worth purchasing an umbrella policy. Dog bites are one of the most common claims made under umbrella policies. If your dog bites someone, there is likely to be high medical bills as well as potential damages in a lawsuit. In addition, many homeowners policies exclude coverage from dog bites, so the umbrella policy will act as a primary policy.

If you have a teen driver at home, an umbrella policy will certainly be worth the cost. Unfortunately, even the best-trained teen drivers are three times more likely to be involved in an accident. An umbrella policy will offer you peace of mind in the event your teen is in an accident.

If you are in a profession in which you might be accused of libel or slander, it is imperative to spend the money on an umbrella policy. Umbrella policies are one of the only coverages that will offer you protection in the event you are sued for libel or slander.

If you live in the Centralia, IL area and are interested in learning more about the type of claims an umbrella policy will protect you against, please reach out to an agent at Alcon Insurance agency today.