Ken Boldt Insurance Agency II, Inc.

2205 Greensburg Rd
Green, OH 44720

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What Is Umbrella Insurance?

When you already have home and auto insurance policies, you may feel that you are well-protected against accidents. However, you may not have as much coverage as you need in case of an expensive accident. When you own a home and a vehicle, it’s helpful to have an umbrella insurance policy. To get started with umbrella insurance, give us a call at Ken Boldt Insurance Agency II Inc. in Green, OH.

Umbrella Insurance: What You Need To Know

Home and Auto Insurance Coverage

Having home and auto insurance policies is a smart way to protect your investments as well as protect your financial future. When you have both of these policies, each comes with coverage for liability. This pays for the medical bills, lost wages, and other costs associated with an accident that you are held liable for. These policies often have very little in liability coverage, and that can mean that after the policy has maxed out, you still owe for the charges that are left over. This can leave thousands of dollars in bills left for you to pay. That’s why many people should have umbrella insurance.

How It Works

The home or auto policy comes in first to pay after an accident that you are liable for. Once that policy is maxed out and there are still overages left to pay, your umbrella policy comes in next. It then pays those overages so you won’t have to. It’s important to have this coverage in case of a serious accident that comes with a lot of costs. With umbrella insurance, the policy’s maximum is very high so that it can pay a high level of overages. 

Get Better Coverage

If you already have home and auto insurance, umbrella insurance is a cost-effective way to get better coverage. Call us at Ken Boldt Insurance Agency II Inc. in Green, OH.

Overlooked Situations That Umbrella Insurance Covers

Ken Boldt Insurance Agency II Inc. provides coverage to Green, OH residents, as well as the surrounding areas. We look to simplify the process of searching for insurance. We understand that each of our clients has specific needs that should be addressed. We offer custom policies to help ensure that we are able to help our clients protect what matters most. We look forward to helping you find coverage.

Overlooked Situations That Umbrella Insurance Covers

Accidents can happen at any time. However, there are some instances where a minor issue can turn into something major. Normally, your liability coverage will protect you if you are held responsible for an accident. If your actions lead to someone getting seriously injured or other problems on that level, traditional liability coverage may not be enough. How would you cope with possible legal action against you? Do you have enough liability coverage to protect your assets? Umbrella insurance adds an extra layer of coverage if you are facing legal, or you’ve caused damaged that exceeds your liability limits. Umbrella insurance helps make sure that you won’t lose everything while handling a liability claim.

If you are a Green, OH restaurant or club owner, umbrella insurance can prevent you from losing everything. You could face a serious liability suit if one of your customers is seriously injured while visiting your restaurant. If you serve alcohol, you will be held responsible if your guests have one drink too many and end up getting involved in an accident. If you run a consulting firm, umbrella insurance can protect you against allegations from your clients that you gave them bad advice. If you have a trampoline in your backyard and you invite your friends over to have fun, you will be held liable if someone gets injured. Perhaps they suffer a brutal injury that leaves them unable to work for years. Umbrella insurance can protect you.

Ken Boldt Insurance Agency II Inc. Will Help You Protect Your Investment

Visit our website to learn more information about umbrella insurance.  

When is getting umbrella insurance a good idea?

For the average person, it is crucial to make sure that you are appropriately covered by liability insurance. When you have proper liability insurance coverage in place, it will ensure you are covered if you accidentally cause an accident that leads to injuries or damages. While a lot of people get adequate coverage through home and auto insurance, everyone in the Green, OH area should also consider getting umbrella coverage. There are several scenarios when getting this coverage is a good option. 

When More Risks Need to be Covered

There are people in certain professions that have more personal liability risk than others. While most people may have liability risk that is sufficiently covered by home and auto policies, others need to receive this additional protection that will cover a wide range of risks.

When Someone Owns Significant Assets

You should also get an umbrella insurance policy if you own significant personal assets. If you have a lot of liquidity and other valuable assets, you will want to ensure that these are protected at all times. Those that are public figures and known to be wealthy are also more common liability lawsuit targets. Due to this, having the additional umbrella coverage can give you the protection that you need to mitigate this risk. 

There are plenty of situations when getting umbrella insurance is a good idea. If you believe that it is right for you and your situation and you are in the Green, OH area, you should call Ken Boldt Insurance Agency II, Inc. The team at Ken Boldt Insurance Agency II, Inc. can help you to pick a policy that is right for your situation. They can do this by answering all of your questions and helping you determine what level of coverage you need. 

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