Umbrella Insurance

When shopping for insurance, you might be overwhelmed by the many products available. At Clive S O Abrams & Associates LLC, we are here to help you better understand the details of the different policies we provide. Umbrella insurance is a unique product that could help protect your financial security. Keep reading to learn more.

Understanding Umbrella Coverage

Umbrella coverage or insurance refers to a type of policy covering expenses that another policy does not cover. Each type of insurance policy will limit how much can be paid for a single claim. If that amount is exhausted, but more expenses remain, the umbrella policy can kick in to help pay for those expenses.

Protecting Assets

This type of insurance product is recommended for individuals with assets they want to protect. If there are still expenses you are held liable for, your assets could be claimed for payment. If you have a large number of assets, this could put you in a difficult position financially.

This product is also beneficial to anyone who wants to ensure they are fully protected in the event of an insurance claim.

Decreasing Liability

Suppose you are involved in any work, hobby, or activity with a high liability risk. In that case, you should be aware that financial protection from liability costs is critical. This is often true of business owners. Having solid insurance policies is the best way to keep yourself safe from a devastating liability expense.

You can speak with an insurance expert to learn more about how this policy can increase your financial security.

If you want to learn more about umbrella insurance or any of our other great insurance products for Georgia residents, please contact us at Clive S O Abrams & Associates LLC. We will be happy to answer your questions.