Category: Insurance

Umbrella insurance policies offer an extra layer of protection beyond the coverage you may already have with your homeowners, auto, or boat insurance policies at August Vincent Insurance Agency. In essence, it provides additional liability coverage if you are sued due to damages or injuries that are not covered by your existing policy. Whether you should get an umbrella policy depends on your particular situation here in the Huntley, IL area and risk tolerance. 

Who should get an umbrella insurance policy?

Those who have substantial assets, own a business, or manage large amounts of money may want to consider getting a personal umbrella policy. This type of policy can provide additional financial security if someone sues them for damages caused by their negligence. Additionally, people who participate in hazardous activities such as skydiving or motocross racing may also benefit from having this extra protection in case an accident occurs.  

Umbrella policies generally cover legal fees and court costs, as well as any judgment amount that exceeds the limits of your other insurance policies. They can also provide you with coverage in situations where your existing policy may not apply, such as slander or libel. 

Ultimately, whether an individual should get an umbrella insurance policy is up to them and their specific needs and preferences. It’s important to weigh the pros and cons of such coverage before making a decision. Consulting with one of our experienced agents at August Vincent Insurance Agency can help individuals determine whether getting a personal umbrella policy is right for them.

Give Us A Call

For more information or to find a policy that meets your needs and your budget, give us a call at August Vincent Insurance Agency today. We are proud to serve the Huntley, IL area.

You may have heard the term "umbrella insurance" before, but what is it really? And do you really need it? Here’s a quick overview of umbrella insurance from August Vincent Insurance Agency in Huntley, IL.

What is Umbrella Insurance?

Umbrella insurance is an additional layer of protection that can be added to your existing auto and homeowner’s insurance policies. It provides coverage for claims that may exceed the limits of your regular policy, such as personal injury or property damage.

For example, let’s say you’re at a barbecue and someone slips on a wet spot on the deck. They might sue you for medical expenses, lost wages, and pain and suffering. If the cost of their lawsuit exceeds your homeowner’s policy limit, umbrella insurance would step in to cover the difference.

Do You Need Umbrella Insurance?

Many people don’t need umbrella insurance because they don’t have enough assets to warrant the extra coverage. However, if you have a lot of assets—such as a home, investment property, savings, stocks, or bonds—you might want to consider umbrella insurance to protect yourself from a potential lawsuit.

We Are Here To Answer Your Questions

Umbrella insurance is an additional layer of protection that can be added to your existing auto and homeowner’s insurance policies. It provides coverage for claims that may exceed the limits of your regular policy, such as personal injury or property damage. If you have a lot of assets in Huntley, IL — such as a home, investment property, savings, stocks, or bonds— you might want to consider umbrella insurance to protect yourself from a potential lawsuit. Contact August Vincent Insurance Agency to set up a time, and we can help you determine if umbrella insurance is right for you.