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Nettleton, MS 38858

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Umbrella Insurance: What You Need to Know

Life is full of unexpected twists and turns. Sometimes, the unexpected can be very expensive. That’s why umbrella insurance was created. If you want to ensure you have all your bases covered regarding insurance, this is the policy for you. Here at Sprout Insurance, serving Nettleton, MS, and the surrounding areas, we want to keep you well informed about your insurance options. Keep reading to learn more about umbrella insurance.

What Is Umbrella Insurance?

Umbrella insurance is a special type of insurance policy that provides additional coverage if another insurance policy you own is maxed out. A policy can be exhausted if the expenses associated with the claim event exceed the amount of the policy. When this happens, you would be left responsible for paying the difference out of pocket. This can financially strain you and your family or your business. This can be avoided by purchasing an umbrella policy.

Who Should Invest In An Umbrella Policy?

An umbrella policy can help anyone stay protected from unexpected expenses, but there are some cases in which it comes in especially handy. For instance, if you have many assets that might be in danger should you be held liable for something, you’d want to protect those assets with an umbrella policy. Also, this is a good option if you’re in a line of work that puts you at extreme risk of injury or liability. 

How Much Coverage Do I Need?

The amount of coverage to be purchased will vary from person to person based on risk factors. You should sit down with an insurance rep to discuss the right amount of coverage for you. 

If you’d like to learn more, please get in touch with us at Sprout Insurance, serving Nettleton, MS, and the surrounding areas.