Who can benefit from umbrella insurance

Many types of insurance products include liability coverage. Liability coverage pays for medical and property damage caused by you or a member of your family. It also helps pay for legal fees and a judgment against you due to an accident or injury. At Asheville Insurance Center in Asheville, NC, we are locally owned and operated. As an independent agency, we offer our customers more choices. Our years of experience help us provide our customers with the information they need to make educated choices. 

If you have an insurance policy with liability coverage, you can probably benefit from umbrella insurance. Umbrella insurance adds more protection for your assets with an additional layer of liability protection. It is not a stand-alone policy to buy; you have to already have an insurance policy with liability coverage. It is an excess liability, above and beyond the liability that your policy already has. 

As many as 10% of people get sued every year. That is a lot of people and a lot of legal fees. If you have fundamental liability coverage, you may find that you have a lot of money you will have to pay out of your pocket. You can end up losing your assets and having your wages and future earnings garnished. You could suffer from decreased wages for years over one judgment. Having an umbrella policy could save you from this outcome. 

If you have any assets, you can benefit from umbrella insurance. It will work with your auto, home, boat, and condo insurance. It even works well with renters insurance. You don’t have to own a home to have assets; you may even have both a home you own and one you rent. 

If you have questions you need to be answered about umbrella insurance, call Asheville Insurance Center in Asheville, NC, or visit the office. We can provide a no-obligation quote.

What benefits come with umbrella insurance?

Anyone that is in the Asheville, NC area will have some level of liability risk. A lot of people can mitigate some of these risks by getting home and auto insurance policies. For those that are looking for additional personal insurance coverage, getting an umbrella insurance policy could be a great option. Several benefits come when you get this insurance coverage. 

More Coverage for Liability

One of the advantages of umbrella insurance is that you will receive more coverage for liability. When you have a home and auto policy, you will have liability protection up to the policy limit. While this covers the majority of liability claims, there is always a chance that you could cause damages over normal policy limits. To offset this risk, you could get an umbrella insurance policy as it will give you additional protection.

Coverage for More Situations

Another advantage of an umbrella insurance policy is that it can give you coverage for more situations. Home and auto insurance policies provide coverage for a variety of situations that could come with a risk. However, they are limited in coverage compared to an umbrella insurance policy. With this form of coverage, you will receive coverage for a much wider range of situations that could come with liability risk. 

If you are looking for a way better to protect yourself in the Asheville, NC area, getting an umbrella insurance policy could be a great option due to the benefits it provides. While there are benefits that come with this insurance, it can be complex picking a policy. Due to this, you should call the Asheville Insurance Center for your insurance needs. The insurance team at Asheville Insurance Center can help you to pick a policy that will provide you with the right coverage. 

Is Umbrella Insurance A Good Idea For A Freelance Taxi Driver

There are many independent business opportunities today, and perhaps one of the most popular is a freelance taxi driver for a company such as Uber. These types of jobs require the operator to have full coverage insurance as well as a clean driving record. However, is it enough to rely on typical auto insurance coverage alone?

Driving For Wages

If you or someone you know is considering driving for extra income or is currently participating in this freelance job, they should find out what types of coverage are available to help protect from damages and additional liability. In some cases, it may be wise to have umbrella insurance in place. This will help prevent liability claims that exceed the protection that traditional insurance can afford to the consumer. 

Working With An Agent

The best way to find out what type of insurance policies and options work best for a freelance driver is to consult with an experienced agent. They can offer advice and suggest insurance coverage options that work for each individual situation. They can also explain the limits of coverage and help file any paperwork related to obtaining coverage or future claims. Those who are interested in finding out more can consult with Asheville Insurance Center, serving the residents of Asheville, NC. We can make the process clear and convenient.

Don’t drive without the proper insurance coverage in place. Get protection from liability and damages. Call or stop by Asheville Insurance Center serving Asheville, NC to find out more information and discover policy options that work for everyone. We will be happy to help you get a quote.