Umbrella Insurance in Iowa

Everyone focuses on what is covered when buying any insurance. However, it is also essential to know what is not covered to avoid surprises. As MAX Insurance LLC of Central Iowa explains, umbrella insurance is a type of policy that protects you or your assets after you have exhausted your other policies’ limits. And while it might not be mandatory, here are some of the benefits you can enjoy from getting umbrella insurance.

Covers any Unpaid Liability Claims

This policy covers any unpaid liability claims when the compensation to the injured party is higher than your liability policy amount. For instance, if your worker gets a work-related injury and they end up suing you, the court may decide to award them compensation of $1 million. However, if your liability policy only covers $800 000, the umbrella policy helps pay that amount on top.

Comes with Added Security

An Umbrella insurance policy has been tailored to offer extra security to protect your assets or investments. As much as a liability policy provides you with a safety net, an umbrella policy extends that protection and hence reduces the risk of financial loss in case of anything.

It Can Be Bundled with Other Policies

Due to how umbrella insurance has been tailored, it can be bundled with other types of liability insurance. When you bundle your policies, you can decrease the number of payments you make every month. Depending on your insurance company, you might even be eligible for a discount.

Having insurance does not prevent bad things from happening, but it certainly cushions you from a financial loss when exposed to risks. An umbrella policy from MAX Insurance LLC can ensure you have peace of mind, knowing that in case of anything, you are covered. Residents of Central Iowa looking for additional protection can contact us today. Our agents are ready to help ensure you get what you need.

While our office is located in Windsor Heights, IA, we serve all across Iowa.