Umbrella Insurance for Average Joes

BLC Insurance wants all their Urbandale IA neighbors to enjoy the fruits of their labor. The right combination of insurance policies is an important part of protecting your accumulated wealth. In combination with your personal and business policies, an umbrella policy ensures you always have the funds to rebuild, repair, or replace real goods. It also helps you meet legal challenges with confidence. You don’t have to have a lot of assets or control multimillion dollar companies to benefit from this coverage. What is umbrella insurance and how can it help everyday people live a more financially stable life?

  • Umbrella insurance is a secondary policy. When your primary policy is triggered, the umbrella policy will pay additional funds for the same event. For example, your home is lost to a catastrophic fire. Your homeowner’s policy doesn’t pay enough to completely rebuild your home. If you have an umbrella policy, the additional cash could help you restore your living space and pay for temporary living expenses due to the accident.
  • Our modern lives are built around cars. If your vehicle is destroyed in an accident, your auto insurance probably won’t pay out enough to replace it with a similar make and model. An umbrella policy gives you funds you can use to replace your ruined vehicle and secure a rental while you wait for the mechanics to complete their work.
  • Critical illness insurance helps workers provide for their families and loved ones if they fall ill or get injured and can’t work. These payments help cover food, housing, and other everyday living expenses. However, the payout may not be enough to cover medical payments for surgery, therapy, and prescriptions that help restore functions or enhance the patient’s quality of life. An additional umbrella policy ensures you and your family will always have enough, no matter what.

Want to know more about how umbrella policies can work for you? Contact BLC Insurance in Urbandale IA for more information.