There are many types of insurance that you can invest in with Oracle Insurance. Three of the most common types of insurance are auto insurance, life insurance, and homeowner’s insurance. A form of policy that you are likely not aware of is umbrella insurance. Residents of Omaha, NE and throughout the state continue to ask:
What is umbrella insurance?
Umbrella insurance is a supplement to your basic liability policies. It can be added to a wide range of coverage options, including renters insurance, home, and auto policies. It should be noted that umbrella insurance is not a separate type of insurance policy that provides its own kind of coverage. Instead, it goes beyond the limits of the coverage you have. You cannot, however, have an umbrella policy without another insurance coverage to extend.
What is the purpose of umbrella insurance?
The primary purpose of investing in an umbrella policy is that it protects your assets if something unforeseen happens; this could include a tragic accident in which you are liable for damages to bodily injury. If your regular insurance only provides coverage to a certain limit, an umbrella policy will provide additional coverage.
Many assets could be taken from you in the event you are held liable for damages or bodily injury, and your regular insurance may not provide enough coverage. These assets include everything from vehicles to your home to your checking account. With umbrella insurance, you are better protected from losing these assets.
To learn more about umbrella insurance and whether or not it is a wise investment for you, contact Oracle Insurance serving the Omaha, NE area.