Consulting a licensed insurance professional provides you options and opportunities to optimize your protection. It is advised that you consider the merits of personal umbrella insurance to ensure that you, your business, and your property are protected to their full value in the event of the all too real threat of liability. Many have learned the sobering lessons of being underinsured.
A personal umbrella insurance in Fairfax, VA allows you to extend the underlying coverage of your existing insurance policy at a lesser expense. With an increased level of liability protection, you are also covered for cases such as but are not limited to false arrest, libel and slander. It can also protect you from liability claims due to injury and property damage.
Your umbrella policy will only come into play if your basic liability limits have been exhausted. It only serves as a supplement that makes way for a much higher limit that goes above and beyond claims in connection with the other insurance policy you have previously purchased. This helps prevent the possibility of financial setbacks due to unforeseen events making your personal and exposed assets protected now and in the future.
Choose your coverage limits with respect to the risks you may be probably exposed to, the value of all your assets, and the potential loss of future income. For more details, contact TriState Business Insurance.