COVID-19: Information for our clients

Umbrella Liability Insurance Waterloo

When you're confronted with a sudden crisis or disaster, you want to be sure you're protected from every angle. While many insurance policies offer fine coverage for their specific problems, there can often be gaps in their coverage. Legal vulnerabilities, excess expenses, and your personal loss of income while dealing with these problems may not be covered. This is where Umbrella liability insurance in Waterloo can protect you where other policies fall short.

Umbrella liability insurance is a policy that pays for liability losses in excess of those covered in homeowners and auto insurance. In less robotic terms, it means that it pays over and above your regular insurance. For example, let's imagine that you are involved in an unfortunate accident that injures another person. You may be covered to up to $200,000, but what happens if that persons losses from the injury exceed that amount? If he or she is off work for an extended period of time as a result of their injuries, they can sue you for the loss of income. This could be especially damaging if they are a high earning professional, such as a doctor or lawyer.

Umbrella liability insurance in Waterloo will cover those costs so you can rest easy. Being in a traumatic accident or disaster is bad enough, you don't want to have to deal with the dread of a looming legal battle or a crushing debt load after one. Talk to a Staebler broker today about modifying your policy with Umbrella liability insurance.