When it comes to protecting your assets, standard home or auto insurance may not always be enough. Serious accidents or lawsuits can exceed the limits of your primary policies, leaving you financially exposed. That’s where umbrella insurance comes in. At Grove Insurance Agency, we help residents of Brownsburg, IN, find umbrella insurance for extra protection. Here’s how it can help.

Adds Secondary Liability Coverage

Umbrella insurance acts as a safety net by providing additional liability coverage once the limits on your underlying policies, such as home or auto, have been reached. 

For example, if you are found liable in a car accident and the judgment exceeds your auto liability limit, your umbrella policy could cover the remaining amount. This prevents you from having to pay out of pocket, possibly risking your savings, home or future income. 

Umbrella coverage is especially valuable for individuals with significant assets, such as a second home in addition to a Brownsburg, IN residence. You could be targeted by an opportunistic lawsuit if you have multiple valuable houses.

Fills Gaps Between Underlying Policies

Another advantage of umbrella insurance is that it can help fill in coverage gaps left by your standard policies. Some situations may not be covered under your home or auto insurance, such as certain types of personal injury claims, legal defense costs, or incidents that happen away from your property. Umbrella insurance can extend coverage to these areas, providing you with broader protection for increased peace of mind. 

Get Umbrella Insurance

Don’t wait for a costly lawsuit to discover a coverage gap. Contact one of our agents here at Grove Insurance Agency to see how an umbrella policy can protect everything you’ve worked hard to build.