Umbrella Insurance in California

Most people will agree that they would rather be over insured than underinsured. This is because you cannot predict the future, and anything could happen. At times, you may be exposed to a risk that requires additional coverage than what your typical policy covers. That is why you need to consider extra insurance, or what is commonly referred to as umbrella insurance. This type of policy comes in handy in California when you have exhausted your standard policy. At Central Coast Insurance in Ventura, CA, we aim to educate you on essential insurance matters. Read on to find out what umbrella insurance is.

What is Umbrella Insurance?

You are probably familiar with other types of insurance like auto, homeowners, commercial, and life insurance. So, what is umbrella insurance? This is a policy designed to supplement your standard policy. It protects you if you have exhausted your regular policy.

Who Needs Umbrella Insurance?

There is a belief that umbrella insurance is only for the rich, but that is not the case. Even though there is a high chance that people with substantial assets need additional protection, anyone can benefit from this type of insurance. This way, one can be sure one's finances are safe when exposed to a risk exceeding their standard policy.

For instance, if you have a home insurance policy, it comes with different coverage, like liability coverage. This cushions you from a financial loss if a guest has an accident at your home. Your insurance will assess the level of damage and cover the medical bills you are liable for. However, if your standard insurance only covers part of the medical bills, umbrella insurance comes in and covers the extra cost remaining.

There are many ways you can benefit from purchasing umbrella insurance. Here at Central Coast Insurance in Ventura, CA, we want you to enjoy those benefits. Contact us today if you reside in California and are looking to buy umbrella insurance. We will help tailor a policy that suits your needs.

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