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Umbrella Insurance in Florida
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Life is unpredictable. At Skyline Insurance LLC, serving Jacksonville, FL, we provide umbrella insurance to meet many different types of needs and circumstances. Keep reading to learn more about this insurance product and how it can help you.
What Is Umbrella Insurance?
An umbrella policy is a special type of insurance designed to cover expenses if another insurance policy is exhausted due to a claim. This can happen in situations where the expenses are far greater than anticipated.
What Will an Umbrella Policy Cover?
An umbrella policy can be added to an existing policy to cover additional expenses. It can be added to any insurance coverage, including health, auto, commercial, home, and others.
Who Needs an Umbrella Policy?
An umbrella policy is a helpful insurance product that can be added to an existing policy. Anyone can benefit from this type of coverage. However, it is beneficial for those who have many assets they want to protect.
In the event of a liability claim, all assets can be used to pay any additional expenses once an insurance policy has been exhausted. If you do not have umbrella insurance in place, you will pay the remaining costs out of pocket. This could be devastating financially.
When Might I Need an Umbrella Policy?
Here is an example of when an umbrella policy would be helpful. If you own a business and have a liability claim filed on your commercial insurance, and there are both medical and legal expenses involved, this could exhaust your existing commercial policy. An umbrella policy could kick in to cover the additional expenses.
If you would like to learn more about umbrella insurance in Florida, please contact us at Skyline Insurance LLC, serving Jacksonville, FL, and the surrounding areas.