Who should carry umbrella insurance

West Virginia has a wide variety of weather, it isn’t always sunny. When the weather is stormy an umbrella can be very helpful. In insurance terms. umbrella insurance is a lot like a real umbrella with the protection that it offers. An umbrella keeps the rain off your head and umbrella insurance keeps bad things from happening to your assets. Smith Insurance Agency of West Virginia in Kingwood, WV has been serving residents for more than 50 years with dedicated customer service. 

Most people are not very knowledgeable about umbrella insurance, it is one of the most misunderstood types of insurance. For you to buy an umbrella policy, you must already have a primary policy that includes liability coverage. An umbrella policy is an additional layer of liability insurance. It can be added to a home, auto, commercial, condo, or renters policy among others. You may wonder why you would need that much liability insurance. 

When was the last time you looked at the liability limit on your insurance policies? Probably never. This can be very dangerous to your finances. We live in a world where getting sued is a real possibility. If you are found at fault, you could have a very sizable judgment against you. The legal expenses can also be high. With an umbrella policy, after your primary insurance policy reaches its limit, the umbrella will kick in and pay up to its limit. Most umbrella policies are between two and five million dollars. 

At Smith Insurance Agency of West Virginia in Kingwood, WV we know that you have worked very hard to get where you are, and protecting your assets is a major concern. We want to talk to you about your umbrella insurance needs. Stop by our office or give us a call for a no-obligation quote.