When it comes to protecting your assets, auto and home insurance are essential. However, there are situations where the coverage provided by these policies may not be enough. That’s where umbrella insurance comes in. Shield Insurance Agency helps Michigan residents understand how umbrella insurance can provide an extra layer of protection, ensuring you’re covered when unexpected liability claims exceed your primary policy limits.
What Is Umbrella Insurance?
Umbrella insurance is a type of liability coverage that goes beyond the limits of your auto and home insurance policies. It’s designed to protect you from large claims or lawsuits that could jeopardize your financial security. For example, if you’re involved in a car accident in Michigan and the damages exceed your auto insurance liability limits, umbrella insurance can step in to cover the remaining costs.
This additional coverage is especially valuable for Michigan residents who own significant assets, such as property, savings, or investments. Shield Insurance Agency works with clients across the state to customize umbrella insurance policies that fit their unique needs.
Why Michigan Residents Need Umbrella Insurance
Michigan’s diverse lifestyle and activities can create unique liability risks. For instance, homeowners in Michigan may face slip-and-fall claims during the winter months when icy sidewalks and driveways are common. Similarly, drivers navigating Michigan’s busy highways or rural roads may encounter accidents that result in costly lawsuits.
Umbrella insurance provides peace of mind by covering these unexpected situations. Whether you live in Grand Rapids, Traverse City, or Detroit, Shield Insurance Agency can help you find the right umbrella policy to complement your existing coverage.
How Umbrella Insurance Works with Auto Policies
Auto insurance is designed to cover liability costs in the event of an accident, but it has limits. If you’re found at fault for a major accident, the damages could exceed your policy’s liability coverage. For example, a multi-car collision on I-94 near Ann Arbor could result in medical bills and property damage that surpass your auto insurance limits.
Umbrella insurance steps in to cover the additional costs, protecting your assets from being used to pay for damages. Shield Insurance Agency recommends umbrella insurance for Michigan drivers who want to ensure they’re fully protected in high-stakes situations.
How Umbrella Insurance Works with Home Policies
Homeowners in Michigan face liability risks that aren’t always covered by standard home insurance policies. For example, if a guest slips on your icy driveway in the winter and sues for medical expenses, your home insurance may only cover a portion of the costs. Umbrella insurance can cover the remaining liability, ensuring you’re not left paying out of pocket.
Additionally, umbrella insurance can protect you from claims related to recreational activities on your property, such as swimming pool accidents or injuries from backyard sports. Shield Insurance Agency helps Michigan homeowners find umbrella policies that provide comprehensive protection for these scenarios.
Who Should Consider Umbrella Insurance?
Umbrella insurance is a smart choice for anyone who wants extra liability protection, but it’s especially valuable for Michigan residents with significant assets or higher-than-average risks. If you own multiple properties, have a high net worth, or frequently host guests at your home, umbrella insurance can provide the coverage you need.
It’s also a great option for Michigan drivers who spend a lot of time on the road or homeowners who want to protect themselves from winter-related liability claims. Shield Insurance Agency works with clients across Michigan to assess their risks and recommend the right umbrella insurance policy.
Get Protected with Shield Insurance Agency
Umbrella insurance is an essential tool for protecting your assets and ensuring you’re covered in unexpected situations. Shield Insurance Agency specializes in helping Michigan residents find umbrella policies that complement their auto and home insurance coverage. Visit Shield Insurance Agency today to learn more about how umbrella insurance can safeguard your financial future.
