Does Your Home Need an Umbrella Plan?

When it rains, it pours. Even if you’re a few years away from retirement, your home insurance might not hold up against disaster. Even if the house and car are fully paid off, you might still be in for a rude awakening. WPL Insurance Services wants to keep you informed about umbrella insurance plans. Your Santa Clarita, CA home might be safe—but is it safe enough?

What is Umbrella Insurance?

Umbrella insurance is a personal excess liability amount which protects you beyond your homeowner’s insurance plan, safeguarding your bank account from big disasters. Designed to give you extra liability protection during lawsuits, financial assistance after damages and asset protection, umbrella insurance is your go-to option for long-term, comprehensive support.

Why Do You Need an Umbrella Policy?

In essence: Umbrella insurance is a secondary form of insurance. You still need to have a primary homeowner’s insurance policy. You’ll also need to have an underlying liability policy. These policies pay out on claims when disaster strikes.

Sometimes, however, disasters can cost more than these plans can cover. If this happens, your umbrella insurance policy will “kick in,” safeguarding your finances from financial turmoil.

What Can an Umbrella Policy Protect Me From?

Umbrella insurance can protect you from litigation which spawns from property damage, injuries, and associated legal defense costs. If someone is hurt on your property, or if their personal property is damaged at your house, you may need additional legal protection.

It’s important to keep your Santa Clarita, CA home safe. WPL Insurance Services is here to help, and we’re ready to assist you with asset valuation to determine the best possible plan for your lifestyle. If you’re facing law difficulties, you might lose any assets you’ve acquired over the years. Protect your home, protect yourself and, above all, protect your family. Reach out to our agents to learn more.