While Umbrella insurance can be a very useful and valuable tool in anyone’s financial arsenal, it’s not necessarily insurance that every individual needs to carry. The team of Fuqua Insurance Agency serving Tallahassee, FL can help you determine if carrying umbrella insurance is right for you and your family.
Umbrella insurance policies typically cover not just the insured but also whoever else the insured designates as covered, for example, their spouses and children, or anyone else that might live in the insured’s home. Let’s look at some examples of when an umbrella policy can be useful and what people would definitely benefit from having an umbrella insurance policy:
- If the total value of your assets (including cash on hand such as checking accounts, savings accounts, and assets such as cars and houses) is higher than the amount of insurance you carry, an umbrella policy might be a great investment for you.
- If you rent out a home, employ a household staff or spend a lot of time entertaining groups of people in your home, you are automatically at a higher risk for potential lawsuits and an umbrella policy might be a good fit for you
- Having a teenage driver, a dog, or owning a swimming pool are all additional factors that would make sense to carry an umbrella insurance policy
- If you are a public figure of any kind or have a job that might open you up to being sued, investing in an umbrella insurance policy is a smart move to protect you and your family
Residents of the Tallahassee, FL area can contact the professionals at Fuqua Insurance Agency today to learn more about Umbrella Insurance today!