Life can throw some expected challenges our way. It is impossible always to be prepared for everything, but insurance products can help us be prepared for a lot of it. At Hexis Insurance serving the greater Oklahoma City, OK community, we are here to help you make wise insurance choices. Products such as umbrella insurance can help protect you from the truly unexpected twists and turns that life can take.
What Is Umbrella Insurance?
Umbrella insurance is a unique type of insurance product. This type of insurance provides coverage when other types of insurance have been exhausted. This can be a great safety net especially if you have a lot of assets you wish to protect.
When Would I Need Umbrella Insurance?
Each type of insurance coverage has a limit on what the policy will pay on a single claim. If that amount is exhausted, and there are still expenses that need to be paid, you will be left with the difference to pay. This could create a huge financial burden if you were unprepared for such an expense.
If this happens, an umbrella policy can kick in to pay the expenses.
Who Needs Umbrella Insurance?
This type of coverage is helpful for anyone who wishes to be protected fully against unexpected expenses. It is especially helpful, however, if you have a lot of savings or investments you wish to protect from liability expenses. It is also recommended for people who are involved in high-risk careers or hobbies.
Get Umbrella Insurance Today
If you would like to learn more about umbrella insurance, please contact us at Hexis Insurance serving Oklahoma City, OK.