Various Uses for Umbrella Insurance

Umbrella insurance is a useful policy to have for a wide range of reasons. This includes both commercial and personal purposes. However, many may not be aware of umbrella insurance, let alone know exactly what it can help them achieve. We walk you through the myriad uses for umbrella insurance and how they can help you. If you need help shopping around for umbrella insurance, you’re not alone! You can always reach out to our team at Alliance Insurance Partners, serving Gilbert, AZ, to simplify the shopping process and get the insurance you need faster. 

Various Uses for Umbrella Insurance

What can umbrella insurance help you achieve? Here are some of the many uses of umbrella insurance: 

• Protecting You From High Liability Costs: Certain types of insurance, like auto insurance and home insurance, do offer coverage if you’re in an accident or if someone slips and falls on your property. But what’s important to remember is that there are limits to this coverage. If you find yourself faced with costs that exceed what your insurance is willing to pay out, you will have to pay what’s left over. Umbrella insurance gives you that extra coverage so that you pay less (or nothing) out of pocket. 
• Applying to Commercial Endeavors: Umbrella insurance does offer commercial forms. If you plan on starting a business, you can invest in commercial umbrella insurance to further protect your business and ensure that one accident doesn’t completely ruin your business endeavors. 
• Extending to Libel and Slander: One unique aspect of umbrella insurance is that it can cover things that your other insurance policies might not. For example, umbrella insurance can cover costs related to libel and slander suits, giving you additional coverage in scenarios you might not typically be covered for. 

Invest in Your Future With Umbrella Insurance

Umbrella insurance acts as extra protection to support existing insurance policies, and Alliance Insurance Partners, serving Gilbert, AZ, acts as your guide in finding the umbrella insurance you need. Compare quotes with us now!