Umbrella Insurance for Personal Policies: Get More From Your Home, Auto, and Renter’s Policies

Insurance is an important part of protecting your Las Vegas, NV lifestyle. Home, renter’s, and auto insurance policies ensure that your most vital assets can always be replaced, no matter what life throws your way. However, there are times when your basic policies may not be enough to correct sustained damage. In these cases, an umbrella policy from All Nevada Insurance, Inc. makes your personal insurance coverages work better.

How does adding umbrella coverage maximize your insurance benefits?

  • Umbrella coverage is an inclusive policy. You only need one to ramp up the protection on all of your existing personal coverages.
  • As an addition, umbrella coverage is meant to support your primary policy. That means a covered event automatically triggers your umbrella insurance too. There is usually no additional work needed on the subscriber’s part to secure payouts.
  • The payout from your umbrella policy is in addition to what you receive from your primary policy. These additional funds help you pay for expenses that would normally have to come out of your pocket.
  • As add-on policies, umbrella insurance offers high cover amounts with relatively low premiums. That means you can multiply your potential payout with only a small increase in monthly payments.
  • Umbrella payouts help reduce your personal financial burden. For example, your new car gets totaled as you’re driving it off the lot. Your auto insurance may provide enough to pay off your existing loan, but not enough to replace your vehicle. Your umbrella payout can be used to secure a replacement car. Payouts work similarly for home, renter’s, and commercial insurance packages.

Talk to the experts at All Nevada Insurance, Inc. to find out how umbrella insurance can complement your Las Vegas, NV lifestyle.

Is Umbrella Insurance Worth Having in Las Vegas, NV?

Umbrella Insurance Las Vegas NV

Are you sheltered from the inclement weather with your umbrella insurance policy?

Insurance exists so you can clear the hurdle of the unexpected without shelling out your hard-earned savings. An umbrella insurance policy is essentially additional personal liability insurance. It extends a step beyond the limits of your insurance policies so that you don’t have to worry about expensive payouts from lawsuits or expenses.

Thus, if you get into an accident where the damages go above and beyond your limits of your personal insurance, you could be left in a less-than-ideal situation.

If you think you’re safe from needing umbrella coverage, check out the three instances below:

Car Coverage

With most auto insurance policies, the maximum amount of liability coverage you can buy is either $300,000 or $500,000 per accident, but damages in a lawsuit can easily add up to millions of dollars.

If you’re ever at fault for a major accident involving several cars carrying multiple passengers, your auto coverage may not cover enough to keep you from depleting your savings. Your auto policy may quickly become exhausted, which means that you’ll foot the bill for any remaining damages and medical bills.

An Unfortunate Visit

For those who have a swimming pool, trampoline, or playground equipment, should someone suffer a serious injury while playing, you could be responsible for some hefty medical bills and an expensive lawsuit. Your homeowners insurance policy offers a certain limit of liability protection, but anything over that is on you!

A Bite and A Bark

If your beloved pup nips someone, that person could cost you thousands of dollars in medical treatment and maybe even bring about a nasty lawsuit. Dog-bite liability can be particularly costly, depending on the damage done by your furry four-legged friend. If you max out any protection you may have on your homeowners policy, that gap in coverage could easily be thousands more than you’ve got in the bank!

For all of your umbrella insurance needs in Las Vegas, Nevada, contact All Nevada Insurance today!