Many drivers may not need umbrella auto insurance, as regular auto insurance typically provides sufficient coverage for most incidents. However, residents of Winder, GA, who have valuable assets should seriously consider umbrella coverage to protect their net worth in the event of a severe auto accident.
How Does Umbrella Coverage Work?
Umbrella coverage does not replace regular auto insurance. Instead, it provides additional coverage if you exceed the limits of your auto insurance policy. For example, if property damage, bodily injury to third parties, or a legal judgment surpasses your regular insurance limit, umbrella insurance will cover the difference. Additionally, umbrella insurance can provide coverage for situations not typically included in standard auto insurance policies, such as false arrest, malicious prosecution, wrongful entry, invasion of privacy, and incidents that occur outside the United States.
However, umbrella insurance has its limitations. If it is added to a personal auto insurance policy, it will not cover damages from accidents that occur while using the vehicle for business purposes. It also does not cover criminal acts committed by the policyholder or damages caused by war, terrorism, or other similar events.
Call Ransom & Associates Insurance Agency for More Information
Umbrella insurance is relatively affordable and can save you tens of thousands of dollars over time. However, determining the right policy or deductible can be a challenging task. Fortunately, you don’t have to navigate this decision alone. Ransom & Associates Insurance Agency specializes in helping vehicle owners in and around Winder, GA, select auto insurance and umbrella insurance coverage tailored to their needs and budget. Call us today to learn more or to request policy quotes.
