Florida Insurance Blog

4 Benefits of Umbrella Insurance

Most people have the perception that umbrella insurance is supposed to cover the wealthy only, but this is not factual. Umbrella insurance offers extra liability protection to protect anyone with a source of income.  If you buy umbrella insurance from Morgan Insurance Services in Tampa, FL, you will accrue the below benefits.

It protects your assets and future income

Given that lawsuits can be expensive, umbrella insurance comes in handy by protecting your assets when you are faced with significant financial claims. For instance, if you cause an accident that exceeds your car insurance limit, umbrella insurance takes over from where your car insurance leaves off, saving your assets and income.

Since anyone can be sued, umbrella insurance is suitable for anyone earning a source of livelihood. This coverage protects your assets in the worst-case scenario.

It saves you anywhere in the world

Your boat, home, and car liability coverages aren’t recognized outside the US. However, umbrella insurance can protect you when you are outside the country.

It protects you from liabilities not covered by other liability coverages

Umbrella insurance not only gives you higher limits but also provides broader coverage. Umbrella insurance shields you from personal liabilities like libel and slander that aren’t covered by other conventional liability coverages.

It’s affordable

There is a popular myth that umbrella insurance is out of reach for most folks. This preconceived notion is a lie. It will surprise you that $1million umbrella coverage will only cost you very little compared to the protection it gives you.

Umbrella insurance near me

Would you like peace of mind with umbrella insurance? Would you like to protect your assets and future? Umbrella insurance is your safest bet when it comes to lawsuits. If you are in Tampa, FL and its environs, please contact Morgan Insurance Services for an affordable quote.