Umbrella Insurance: it covers what others don’t
Umbrella Insurance: covers where others do not go. Being cautious is the virtue of people to anticipate solutions to possible future problems. In this way, they can develop their lives without major shocks. Many cautious people purchase a home, auto, health, and life insurance, considering that everything important to them must be protected against any unforeseen, accident or lawsuit.
But, unfortunately, in certain circumstances, an insurance policy is insufficient to face some coverage or lawsuits, either due to their high amounts or because they are excluded from insurance. As with libel, slander, or dishonor lawsuits.
It may happen that someone crashes your car into someone else’s property, which costs $ 60,000 to repair, but your auto insurance liability policy only covers up to $ 25,000. There is another case in which the tenant of a rental apartment causes damage to one of his neighbors and the owner of the apartment receives a lawsuit, for something not covered by his owner’s insurance. It can also happen that a person posts a comment on social networks and someone considers that her honor has been violated and files a lawsuit.
All these cases, which perfectly occur in our daily lives, could cause significant financial expenses to those cautious people who consider having their lives in order and believe they are covered for any future event.
The reality is that, for these unforeseen events, there is a policy called Umbrella Insurance. As its name suggests, it only opens when the rain is so big that we can get wet. That is, this umbrella insurance would be in charge of covering the difference between the car accident and the house, the tenant’s damages, and the libel lawsuit. If you want to be fully protected, call Univista Insurance and purchase one of these policies. Umbrella Insurance: covers where others do not go.
If the insurance advisor, when faced with a claim, looks at you as if the world were going to end and says, “we don’t usually cover that” or “we only get this far”, you simply open your umbrella and dance “The umbrellas of Cherbourg ”.