At TJ Mazur & Associates, we take pride in helping our customers find the right insurance coverage for their exact needs. In some cases, the liability insurance included with auto and home insurance simply isn’t enough for adequate protection. Here’s what you need to know about buying umbrella insurance in Arizona.
What is Umbrella Insurance?
Umbrella insurance has a pretty appropriate name considering the job it does. It is a specific type of policy that acts as an “umbrella” to extend your liability coverage above and beyond the limits you already have. It covers things like bodily injury claims, property damage claims, associated legal fees, and other situations where someone outside your household states you injured or damaged their items. Often, this helps protect you from the time and financial cost of dealing with a lawsuit.
In short, it is designed to protect your assets against a really serious accident or claim. For example, if you don’t have this type of coverage and are solely dependent on the liability portion of your home or auto insurance, you could end up paying a considerable amount out of your own pocket to settle a lawsuit.
Why Should You Buy Umbrella Insurance?
While anyone can purchase this type of policy, there are certain people who are simply much better candidates than others. Examples of those who have a greater need for umbrella insurance include:
- Those who own a business;
- Those who are parents of teenage drivers;
- Those who have a high net worth;
- Those who travel often or spend a higher amount of time on the road;
- Those who have a higher than normal level of risk.
Contact Our Arizona Insurance Team Today!
At TJ Mazur & Associates, we take great pride in helping our policyholders with all of their insurance needs. To learn more about umbrella insurance or to schedule a no-obligation policy review, please get in touch with us today.