Month: April 2022

If you’re like most people, you have insurance to protect your home in Falcon, CO. But what happens if you’re sued for something that doesn’t involve either of those? Is your current policy enough to protect you? Most times, the answer is no. That’s where umbrella insurance comes into the picture.

What is an Umbrella Policy?

An umbrella policy is an insurance policy that provides additional liability protection if you’re sued for more than your current coverage allows. It can help you protect your assets and your future earnings. The policy can also cover you for certain things that aren’t covered by your other policies, like defamation or slander. A Pikes Peak Insurance Agency can help determine if this coverage is right for you.

Why Do You Need an Umbrella Policy?

You might think that you don’t need an umbrella policy because you don’t have any assets to protect, or you don’t believe you’re at risk of being sued. But that’s not always the case. Here are a few situations where you might need an umbrella policy:

You have a lot of assets. If you have a lot of assets, you’re more likely to be sued for a larger amount of money. An umbrella policy can help protect your assets if you’re sued.

You have a pool, trampoline, or other recreational items. These are fun for the entire family and visitors. But they’re also more likely to cause injuries. If someone is injured on your property, you could be held liable. An umbrella policy can help protect you if you’re sued.

You have young children. If you have young children, they may be more likely to be involved in an accident. Extra coverage can help protect your assets.

Learn more about your policy options at Pikes Peak Insurance Agency in Falcon, CO. We’re here to help you find the right coverage for your needs. Give us a call today.