Who needs umbrella insurance in Mapleton?

People that live in the Mapleton, UT area will end up having a lot of important insurance decisions to make. One decision that you will have to make is whether or not you should get umbrella insurance, which is a personal liability insurance plan. There are several situations when someone will need to get umbrella coverage to take advantage of the protection it provides. 

Anyone that Wants Coverage for Unexpected Situations

The first situation when someone will need to have umbrella insurance is when they want to have coverage for unexpected situations. There are always going to be risks that you could cause some form of accident or be liable for the losses of another person. While some of these can be insured against with auto and home policies, predicting everything that can happen is impossible. Due to this, getting umbrella insurance is a good idea as it can give you coverage for situations that seem unpredictable.

When Wanting More Coverage

Another situation when someone will need umbrella insurance is when they want more coverage. Your home and auto policies will each come with policy limits. If you are at fault for an accident that goes above these limits, you will need to come out of pocket to pay for damages if you do not have additional coverage. Your umbrella insurance can give you the coverage you need if you do exhaust your base policy coverage.

Anyone that is looking for an umbrella insurance policy in the Mapleton, UT area should consider calling Maple Mountain Insurance Services to discuss their needs. Picking umbrella coverage is complicated and requires a lot of thought and consideration. The team at Maple Mountain Insurance Services can make this easier for you as they will help you to pick and choose a quality policy. 

Does Umbrella Insurance Cover Liability Associated with a Company Car Accident?

In Mapleton, UT, business owners who offer company cars to their employees must also carry liability coverage on their fleet of vehicles. The agents at Maple Mountain Insurance Services are available to assist local companies in getting the coverage they need to protect their business if an accident occurs. An umbrella policy will go above and beyond monetary limits that a liability policy may have in place.

Liability Insurance

Liability insurance is designed to cover the cost of replacing another person’s vehicle or property in the event of an accident. Liability coverage must also be in place to cover the other person’s medical bills if they are injured during the accident. Many liability policies have coverage limits of $100,000 or less. In some cases, this may not be adequate to compensate the injured party fully.

Exceeding the Limits of Your Basic Policy

When your actual liability exceeds the limits of your basic policy, an umbrella policy will cover the additional cost. Umbrella policies are designed to protect your business from the financial cost of a devastating accident. By including the extra expense, it prevents you from taking money away from costs to maintain the business and its day to day operations.

If you have questions concerning umbrella insurance and whether it would benefit you to supplement your existing coverage, call the agents of Maple Mountain Insurance Services. We serve businesses throughout the Mapleton, UT area, and can provide you with the answers you are looking for. Don’t wait to make your appointment! Talk to an agent today to make sure your business is fully protected from financial loss.