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Pros And Cons Of Umbrella Insurance

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In celebration of your daughter’s recent high school graduation, you are hosting a party in the backyard. The plan is to enjoy spending time with family and friends, grill some delicious food, celebrate your daughter’s accomplishment and just enjoy a little downtime. Everything is going according to plan when suddenly you hear your neighbor scream.

You turn around in time to see your dog clamping down on the plate trying to steal a bite of the hamburger your neighbor is eating. Before you can tell her not to move, the dog jumps up, aiming for the hamburger but finds her hand instead. Now your neighbor is screaming in pain from the dog bite. As you are tending to that situation, you hear a loud crack and look up to see the railing of your …show more content…

You will receive protection for bodily injury that your actions cause another person and any relevant property damage that may occur as well. You will have protection from any legal claims or lawsuits that are made against you. Someone may take something you say out of context and sue you for slander. Even though the situation results out of a misunderstanding, defending yourself in a court of law can be a costly experience. Your umbrella insurance would also provide coverage for situations of false arrest and any other relative legal matter that arises as a result of someone taking legal action against …show more content…

That conclusion most likely will result in a payout to the injured parties on your behalf. However, those payment amounts will only extend up to the liability coverage your policy provides. If your damages amount to more than what your insurance is willing to pay, you now face a gap in liability protection. At that point, your umbrella insurance policy kicks in and covers the financial differences from that gap in coverage.

Marine Agency Has Your Umbrella
When an accident occurs and you are at fault for the damages, everything you own becomes available to satisfy any financial debt that you incur. That means your home, your car, financial investments, retirement accounts and even your household checking account will go through the liquidation process to resolve any financial balance from that accident. Everything you work for can be gone in an instant to pay for something that you never saw coming in the first place.

Marine Agency is an expert in helping people prepare for the unthinkable events that life sometimes throws in the way. By working with them, you will receive a peace of mind that no matter what takes place in the blink of an eye, Marine Agency can hold the umbrella over your head so you can protect the things in your life that you value the

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