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Grove Insurance Agency

319 E. Main St.
Brownsburg, IN 46112

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Featured Insurance Blog

The Advantage of Having Umbrella Insurance

Umbrella insurance provides additional liability coverage to the original policy. Its purpose is essential to protect you from all unexpected crises that may come up. The Grove Insurance Agency in Brownsburg, IN can assist in receiving the right umbrella insurance for your specific needs.

What is Umbrella Insurance?

Accidents occur every day. The results from those mishaps can be expensive. Umbrella insurance can assist with covering all medical bills and other expenses associated with the claim. The coverage will pay the remaining amount after your insurance policy has exceeded its payout limit. Often, insurers add umbrella insurance to an existing auto or home coverage policy.

Is Umbrella Insurance Necessary?

When deciding if umbrella insurance is necessary, you must take a personal inventory of your financial security. Ask yourself what assets you currently hold (car, home and investments) and if your income could pay for any potential settlements from a lawsuit. Financial hardship is incentive enough to add umbrella insurance to your current policy. The added coverage will increase the liability limit and protect you from any possible situation.

Who Needs Umbrella Insurance?

Individuals believe umbrella insurance is a meaningful addition to an existing auto or home policy. It helps to protect you from every possible situation, such as bodily injury and personal property damage. Each incident could exceed the financial limits of a current policy. Also, umbrella insurance could add further protection to an existing policy.

Rental property owners should invest in umbrella insurance. The addition will protect them against liability claims from a renter or guests to the property. The coverage offers protection from a personal injury lawsuit, as you could be held liable for all injuries and hardship from the accident on your property.

You need to review the terms of your current insurance policy before adding umbrella insurance to the coverage. If you need additional information, contact Grove Insurance Agency in Brownsburg, IN. Our staff has the experience and knowledge to fulfill your insurance needs. Call and schedule an appointment today.