Homeowners in the Bay Area of California understand that a homeowner’s insurance policy is an important part of protecting their financial investment. Whether you have significant assets, moderate assets, or limited assets, the team at Wai Cheng Insurance Inc. can explain how adding an umbrella insurance policy provides valuable extra protection.
What Does an Umbrella Insurance Policy Do?
An umbrella policy adds a second layer of liability protection above the limits of your homeowners’ insurance. This means that if a claim exceeds the maximum amount your homeowners policy will pay, your umbrella policy can step in to cover the remaining costs.
With this additional coverage, your home, savings, and future earnings are better protected. Situations that may lead to costly lawsuits include dog bites, injuries sustained by visitors on your property, and medical expenses resulting from accidents.
If your home has high-risk features, such as a swimming pool or other amenities that could cause injury, umbrella coverage becomes even more important.
An umbrella policy can also apply if you cause an accident involving your vehicle, and your auto insurance limit is reached. Once your auto policy pays up to its limit, the umbrella policy may cover the remaining liability.
This added protection helps ensure a single catastrophic event does not place your financial future at risk.
Contact Our Team
For homeowners in the Bay Area, Wai Cheng Insurance Inc. is here to help you explore umbrella insurance options and protect your valuable assets. Contact us today to learn more and find a policy that fits your needs. As the name suggests, let an umbrella policy help keep you covered.
