Umbrella Insurance in Missouri & Illinois
Sometimes your existing insurance policies are not enough to cover major claims or lawsuits. Umbrella insurance provides an extra layer of protection when the limits of your primary policies are exceeded, safeguarding your assets and future financial security. At The Milburn Agency in Florissant, MO, we offer umbrella insurance solutions for individuals and businesses across St. Louis and Missouri.
What Does Umbrella Insurance Cover?
Umbrella insurance serves as additional coverage on top of your existing policies, such as auto, home, or commercial insurance. It's designed to cover high-cost claims that exceed your standard policy limits. Here's what umbrella insurance includes:
- Extended Liability Coverage: Protects you against large claims involving bodily injury, property damage, or legal fees that exceed your standard policy limits.
- Legal Defense Costs: Covers expenses for out-of-pocket legal fees, court costs, and judgments that arise from lawsuits.
- Coverage for Uncovered Claims: Provides liability protection for certain situations not covered by standard policies, such as libel, slander, or false arrest.
- Worldwide Liability Coverage: Protects you from liability claims while traveling outside of Missouri or the United States.
Who Needs Umbrella Insurance?
Umbrella insurance is essential for individuals and businesses who want additional protection for their assets and savings. Examples of situations where umbrella insurance is beneficial include:
- High net-worth individuals seeking to protect their assets
- Landlords needing extra liability coverage for rental properties
- Families or individuals with significant savings needing protection in case of lawsuits
- Business owners requiring coverage for liability over and above their commercial policies
Benefits of Umbrella Insurance
Choosing umbrella insurance ensures you're financially protected against future uncertainties. Key benefits include:
- Expanded liability coverage for major claims
- Protection for legal costs and settlements
- Security for you and your family's financial future
- Additional coverage not provided under standard policies
Learn More About Umbrella Insurance
When unexpected accidents or claims occur, umbrella insurance provides peace of mind and comprehensive protection. At The Milburn Agency in Florissant, MO, we can help you explore your options and find the right coverage to suit your needs. To get started, contact us today for personalized assistance.
