You’ve probably heard someone, somewhere mention having an umbrella policy. Ever wonder what it was, and why anyone would need to have such insurance?

Why you should get an Umbrella Policy
With the amount of calls we get each day asking about umbrella policies, we figured we’d delve into the subject for those wondering what it is, how it works, what it covers and why should get have an umbrella policy.
What is Umbrella Insurance?
Basically, it keeps your savings and other assets safe if you’re sued for damages exceeding the liability limits of your homeowners insurance, car insurance or other types of insurance. If you own property, or have any kind of savings you worked hard for, you want to take the leap and purchase an umbrella policy.
Heck, if you own a dog, or a pool, or one of those trampolines the kids love - you’re a perfect candidate for an umbrella policy. It’ll help you keep yourself from losing everything you have worked so hard for IF something happens and you’re sued.
How does an umbrella policy work?
Umbrella insurance covers the difference between what your regular insurance covers, and what you owe, if you’re sued. It’s also sometimes called excess liability insurance. However it’s referred to, it’s that little extra cushion of safety.
What’s covered under an umbrella policy?
If you happen to get into a car accident, and there’s more than just car damage - such as injuries, or even death, umbrella insurance will help pay for the treatments of injuries for other people in your car, or the other car, but not yourself.
Let’s say you skid on the road, and damage someone’s home with your car - Umbrella Insurance helps cover property damage done to another person’s property, but not your own. Which means, the fence you took down on that home owner’s property is covered, but your own car isn’t, with the Umbrella policy.
Perhaps you left a review about a restaurant, and it wasn’t all that nice. The restaurant decides to sue you - umbrella insurance covers you, and your legal costs.
Are you the hostess with the most-test?
Have people over regularly? Entertaining often in your home? If someone gets hurts at one of your gatherings in your home, it’s a great idea to make sure you’re covered. Friends you’ve had your entire life will sue you, not just a guest of a friend. Keep yourself protected.
Why you need an Umbrella policy
Frankly, you’ve spent years working hard, saving money and growing your bank account for your future. You’ve made investments, and have a plan for your future. The plan doesn’t include being sued and losing everything. How much you need is something you need to discuss with your insurance agent.
Tango Agents are happy to answer questions and find the perfect amount of Umbrella coverage that lines up with your budget.