The agents at Waxhaw Insurance Agency can show you how inexpensive an additional $1,000,000 – $5,000,000 liability limit of protection over your home and cars can be.  Many financial advisers encourage their clients to have this type of umbrella coverage. Find out from us if you are a good candidate to obtain umbrella coverage.

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Umbrella coverage also called an ‘excess liability policy’, can prevent a nightmare or financial tragedy from happening to you if you were proven liable for an accident because it involved your automobile or occurred on your property.

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Why do so many people with major assets not have umbrella coverage? Some do not know that they can have this type of coverage above and beyond the insurance they have on their home and automobiles, which also pays for lawyers and other legal expenses if they are found to be a responsible party in the event of an accident. Others have heard of it but do not understand it. Still, others decide that they do not want to pay for it, even though the cost is usually a fraction of the price of a typical package of home and auto insurance.

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Some people who have some umbrella coverage have not evaluated it in years, and are underinsured. Thankfully, accidents resulting in big lawsuits are rare, but when these situations occur, the results can be devastating.  Umbrella coverage offers you peace of mind if the unthinkable were to occur.