Umbrella Insurance in Indiana

Liability insurance is good to have, especially if you have lots of assets to protect and high-risk factors. Your auto and home liability insurance can only take you so far before you need something more. Umbrella insurance can save the day when your liability limits run out on your auto and home insurance policies. Below, we will talk about what umbrella insurance is and why umbrella insurance is essential to have.

What is umbrella insurance?

Umbrella insurance is extra protection for when other insurance forms run out. Before you can purchase umbrella insurance, you need to have liability insurance for your car and your home. Once your other forms of insurance are at their limits, umbrella insurance takes over, so you don't have to pay the difference out of your pocket.

Why is umbrella insurance important?

Unfortunately, we live in a sue-happy society. There is always a possibility of someone suing you over just about anything. The chances are especially high if you have many assets or any of the following risk factors.

• Swimming pool
• Trampoline
• Dogs or other animals
• Recreational toys
• Teenagers
• Frequently have people over

Here is an example of why umbrella insurance might be necessary. You have a trampoline, and your kids invite some friends over to play. One of the friends falls off the trampoline and breaks their arm. You call the child's parents and take the child to the hospital. The parents decide that they want to sue you for the accident that took place at your home. Your home insurance takes care of the medical and legal bills up to the limit, but there is still more to pay. If you have umbrella insurance, it covers the remaining bills, so you are covered financially.

Contact IAL Insurance

If you are looking for an umbrella policy, look no further than IAL Insurance in Indianapolis, IN.