Whether you live in Mount Prospect, IL or anywhere else, disaster can strike without warning. This is our business at Com-Co Insurance Agency Inc : to help protect your financial future during times of crisis. But what happens if a regular insurance policy isn’t enough to keep you secure after a home disaster? With an umbrella policy, you will have an extra safety net to safeguard your assets.

Umbrella insurance protects you from paying out-of-pocket for legal expenses.

Let’s say someone becomes injured on your property, or a disaster such as a fire causes damage to your neighbor’s home. In both of these cases, the injured party may sue you for the cost of damages, medical expenses, lost income or more. You will have to pay to defend yourself in court, as well as cover the cost of any judgments should you be found responsible. Personal injury lawsuits can very quickly add up to an amount that exceeds your current home liability insurance. When that happens, you’ll be stuck paying out-of-pocket for the difference.

This is where an umbrella policy comes into play. Once your primary home insurance limit is exhausted, umbrella insurance steps in to cover the difference so you don’t have to. Without this type of protection, you could have assets seized or wages garnished in order to pay the remaining cost of your judgments or fees. 

Your agent can help you decide if umbrella insurance is for you.

Deciding if you need an umbrella policy and how much coverage you should have can be a tough decision alone. If you live in the Mount Prospect, IL area, please reach out to Com-Co Insurance Agency Inc to discuss the benefit of umbrella insurance today.