Insurance is your protection for your financial security. Auto insurance covers automobile accidents. Flood insurance covers your home for flood damage should you experience a flood. Wine Valley Insurance Services, serving Napa, CA, and the surrounding areas can point you to the right umbrella insurance based on your situation.

What is umbrella insurance? 

As its name implies, umbrella insurance is there when you have unexpected "rainy days." Some examples of that rainy day are:

• Negligence cases against you in your business or home
• Gaps in your current auto or other types of insurance
• Fire insurance that may not cover all of your possessions in your home
• Extra coverage for business insurance 
• Auto accidents where injuries or damage to others is more than the limits of your auto insurance policy

How Much Does it Cover?

Policies always vary in the amount they cover, so make sure you read the fine print. But most umbrella policies tend to cover around $1 million initially for one case and up to $2 million total coverage. This is an amount that most insurers believe would cover the average negligence or liability case where the insurance you have in place will not cover the totals. 

Why Have it?

Umbrella insurance is the last type of insurance people usually think about. But it is needed if you have a risk to your business, property, or physical assets that cannot be replaced with the normal limits of insurance. Say someone falls on your property coming out of your business and you had no warning sign up that there was a slick place on the sidewalk. This might be considered negligence if it meets the legal standards of negligence.

Umbrellas insurance can kick in where your other business insurance leaves off, saving you thousands or hundreds of thousands of dollars in settlements and court costs. 

More Information 

If you are confused about whether to get umbrella insurance, turn to the professionals at Wine Valley Insurance Services in Napa, CA. They can show you how it could help you get added peace of mind to protect your property and assets while being secure in the fact that they are there when your other insurance is just not enough.