Even if you have insurance policies on your house, car, and other significant assets, you might still not have as much coverage as you want or need. That’s where umbrella insurance comes in, and Brock and Poole Insurance Agency can help. If you’re in the Collierville, TN, area and looking for an umbrella policy, our dedicated agents can work with you to find the perfect coverage for your needs. Then, not only will you have good coverage, but you’ll also have additional peace of mind.

An umbrella policy is designed to take over where other policies end in case you have a claim that goes beyond the limits of your auto, home, or other policy. This can protect your assets when a claim is made, keeping you and your family safe from serious future issues. Many people think that only people with high levels of assets need these kinds of policies, but that’s not the case. Umbrella policies can be beneficial as an extra layer of protection for nearly everyone.

When you work with us to find the right coverage for your needs, we’ll get quotes from multiple insurers. Then, we’ll talk to you about the differences in the policies and answer all your questions. We want to make it easier for you to choose what works for your situation and give you the value you want. The more information you have about the policies, the more you’ll feel comfortable selecting one.

If you’re in the Collierville, TN, area and looking for an umbrella insurance policy, Brock and Poole Insurance Agency is here for you and your coverage needs. Contact us today, and let our agents help you insure the things that matter most.

It’s essential to carry umbrella insurance for total financial protection. Consumers in Collierville, TN can get the coverage they need from Brock and Poole Insurance Agency.

The following are four reasons why you’ll like having umbrella insurance.  

Umbrella insurance can reduce the stress of being a parent.

Parents need to carry umbrella insurance since parents can be held liable for damages caused by their children. Umbrella insurance reduces the liability risks of being a parent, making life less stressful for parents. 

Umbrella insurance protects you in a wide range of liability situations.

If you learn about umbrella insurance, you will see it offers protection in many situations. You can rely on your umbrella insurance to protect you whether you face a lawsuit due to auto accidents, accidents in your home, or accusations of defamation. 

Umbrella insurance offers a lot of value.

It’s impressive how much coverage umbrella insurance offers for how little it generally costs. Umbrella insurance can provide millions of dollars of coverage if you face an expensive lawsuit. At the same time, monthly premiums on umbrella insurance policies tend to be surprisingly low. 

Umbrella insurance typically protects you anywhere in the world.

Carrying umbrella insurance can be especially beneficial if you travel a lot. Umbrella insurance policies often don’t have any geographical restrictions. This means that policyholders can benefit from coverage if they get involved in a lawsuit or face a liability expense outside their home country. 

Umbrella insurance offers consumers in Collierville, TN many advantages. At Brock and Poole Insurance Agency, we can quote you an umbrella insurance policy that will keep your finances secure. Get in touch with us today!

The truth is, nobody is perfect. Your conventional insurance policies aren’t excellent either, hence the need for umbrella insurance. Umbrella insurance is that additional liability coverage that steps in when your other liability policies deplete. If you get sued for damages exceeding your car, home, or your other policy’s liability limit, umbrella insurance steps in and pays what you owe. Unfortunately, umbrella insurance is the most misunderstood policy. That’s why we at Brock and Poole Insurance Agency are here to shed some light on facts you must know about umbrella insurance.

It doesn’t exist on its own

Umbrella insurance isn’t a stand-alone policy. It rides on other existing policies like a boat, home, auto, or business insurance. In that regard, umbrella insurance is pretty affordable.

Umbrella insurance is for everyone.

There is a misconception that umbrella insurance is for the super-wealthy only. While umbrella insurance protects your assets, there are other reasons you should invest in it. For example, everyone is at risk of being sued, and umbrella insurance protects you when these lawsuits come knocking your way.

Umbrella insurance is liability coverage.

Umbrella insurance protects you from liability risks. This means umbrella insurance protects you when accused by third parties. Better yet, umbrella insurance covers you against lawsuits. And because legal costs like attorney fees or settlement claims can be expensive, you need umbrella insurance to take over when the underlying policy runs out.

Since umbrella insurance is liability coverage, don’t expect it to cover you or your assets. For such losses, you must seek compensation from the underlying policy.

Umbrella insurance provides broader coverage.

Umbrella insurance protects you from other claims that could not be in your typical liability policies. For instance, umbrella insurance covers you when accused of defamation, false imprisonment, or slander — these personal liabilities aren’t covered by conventional liability policies.

Umbrella insurance in Tennessee

Umbrella insurance is for everyone looking to protect their savings and assets. Are you looking for umbrella insurance in Collierville, TN, and its environs? Please call Brock and Poole Insurance Agency for an affordable quote.

Umbrella insurance is insurance coverage designed to offer liability protection above the limits of your existing insurance policy, such as a home or car insurance policy. This additional protection can offer the peace of mind needed by Collierville, TN residents in the event of a significant accident or incident. Brock and Poole Insurance Agency shares information below to help you better understand umbrella insurance and what it can and can’t cover. 

What Umbrella Insurance Covers

This type of policy offers coverage of liability expenses that exceed the limits of your standard insurance policy. Usually, both property damage and bodily injury claims are covered under umbrella insurance. In addition, related legal costs are covered as well.

Let’s say you have a home insurance policy with a maximum payout for liability of $500,000. In the event that a house guest slips and falls on your property get bitten by your dog, or a similar situation, your home insurance will only cover liability expenses up to $500,000. In the event that the costs, such as medical bills, lost wages, etc., exceed that $500,000, your umbrella insurance will kick in. 

What Umbrella Insurance Doesn’t Cover

An umbrella insurance policy is only created to offer liability coverage. Therefore, if your auto or home suffers damage, this type of insurance will not cover the costs. Instead, you will need to rely on your auto or home insurance.

If you would like to learn more about umbrella insurance in Collierville, TN, if you have specific questions about coverage, or if you are ready to invest in an umbrella insurance policy, reach out to speak to one of the professional insurance agents at Brock and Poole Insurance Agency.

Why you can’t buy umbrella insurance by itself

Umbrella, a secondary coverage, requires a primary insurance policy first. You can purchase it once you own a home or commercial policy.

Your neighbor might mention their umbrella policy when you two talk about financial protection and whet your appetite for the same protection, but Brock and Poole Insurance Agency wants you to understand what this secondary insurance does and how it works first.

Let’s tackle the meaning of secondary insurance first. Before you can purchase a secondary policy, you must own a qualifying primary policy. A primary policy for these purposes refers to any policy that inherently includes liability coverage, such as homeowners’ or a commercial insurance policy such as a business owner’s policy (BOP). You add the secondary insurance of an umbrella policy to the primary policy to extend your liability coverage.

An umbrella policy kicks in once you have exhausted the primary policy. So, let’s say the bouncy room you rented for your child’s birthday party burst its flooring, injuring the five children playing inside. All five went to the emergency room in Collierville TN with broken bones. Ultimately, they all recover and go on to bounce another day, but your homeowner’s insurance liability coverage quickly gets eaten up, paying for their ER bills and the hospital stay of one of them that equaled $39,000. The $25,000 of liability coverage on your home policy paid for most of it, but the umbrella coverage that kicks in after the home liability pays out, so it covers the remaining $14,000. That means you pay nothing out of pocket.

Call Brock and Poole Insurance Agency serving Collierville, TN to learn more about the affordable option that umbrella insurance provides. You can enhance your liability coverage with an umbrella policy that protects you from out-of-pocket expenses.

In the Collierville, TN area, there are many forms of insurance that will be needed to keep a person properly protected. An important form of insurance coverage to get in this area is umbrella insurance. With an umbrella insurance policy, you are going to have some additional personal liability coverage. This insurance plan will offer a range of benefits. 

Insurance Covers Against Larger Risks

One of the advantages that comes with an umbrella insurance policy is that you will get coverage to offset larger risks. Anyone that ends up getting into an auto accident or has a liability claim on their home policy will have coverage up to the policy limit. However, there is a chance that a claim could exceed this limit. If this is the case, your umbrella insurance policy would give coverage once your other policy is exhausted.

Coverage For Wider Range of Risks

You are also going to enjoy umbrella insurance because it will offer coverage for a wider set of risks. Most people are going to have standard home and auto policies that can cover some more common risks. However, people should be aware that there are other liability claim risks that are outside of the standard covered policies. With an umbrella insurance policy, the blanket coverage will give peace of mind that your risks will be covered.

As you are looking to improve your personal insurance plan, including umbrella insurance is a good idea for anyone in the Collierville, TN area. If you are looking for an umbrella insurance policy here, it would be wise to call Brock and Poole Insurance Agency. The professionals with Brock and Poole Insurance Agency understands the need to have this coverage. They can help you by giving you the guidance needed to choose a quality plan. 

In the Collierville, TN area, it continues to be very important for all people to spend time carefully considering their personal liability risks and insurance needs. One form of insurance that people in the Collierville area should consider getting is umbrella insurance coverage. When you get this type of insurance coverage, it could end up protecting you in a variety of different ways. 

Coverage for More Scenarios

One of the advantages of getting umbrella insurance is that it can provide you with coverage for more scenarios. Life is full of unexpected situations, some of which could result in accidents that you are deemed liable for. Unfortunately, these will not all be covered by a home or auto policy. Fortunately, you can provide yourself with peace of mind and ore coverage if you get an umbrella policy.

More Coverage

An umbrella insurance policy can be a good idea because it could provide you with more coverage on top of your base policies. If you have a home or auto policy, there is always a chance you could be at fault for an accident that has damages that exceeds your policy limits. With umbrella protection, you will get coverage on top of these base policies. 

There are several ways that a quality umbrella insurance policy can protect someone in the Collierville, TN area. If you are looking for a new insurance policy in this area to ensure you have proper personal liability coverage, you should reach out to the team at the Brock and Poole Insurance Agency. When you call the Brock and Poole Insurance Agency and discuss your personal liability insurance needs, you can be assured that you will be in great hands. The team will be able to assess your situation and personal risks to ensure you are properly covered at all times. 

Umbrella insurance is an additional insurance coverage that exceeds the limits of liability of the current home insurance policy that is in place. There can be several scenarios that may warrant looking into obtaining umbrella insurance. If you are in the process of searching for additional liability protection, you should learn more about the benefits of this type of coverage to help you determine if it is right for you.

Umbrella Coverage

Some instances where umbrella insurance coverage is recommended is, if you babysit in your home, if you host regular meetings at your home, or if you rent out your home to guests. Each person’s situation varies, but if you have visitors to your home regularly, and if there is an element of potential danger or possible liability in the picture, you may want to explore your available umbrella insurance options. Speak with an insurance professional about your situation and they can help you determine your needs. 

Peace of Mind

The umbrella policy will give the policyholder greater peace of mind should a covered event occur. This protection will pay for hospital bills and even pain and suffering. This keeps the homeowner from incurring losses as a result. Your insurance agent can help assess what level of coverage will protect you better now and in the future. If you live near the Collierville, TN area, check out Brock and Poole Insurance Agency. Their knowledgeable agents can work closely with you to give you the options you want and the coverage you need. 

Protecting you and your family from liability is key if you have a situation where there are people present on your property frequently. Call or stop by Brock and Poole Insurance Agency, serving Collierville, TN, to learn more about your needs and options. 

Umbrella Ins Fact vs Fiction

If you’re confused about umbrella insurance, take heart. You’re not alone. Misconceptions about this coverage have kept many people in the dark as to what it really has to offer. By separating fact from fiction concerning umbrella coverage, Brock and Poole Insurance Agency in Collierville, TN can help you decide if umbrella insurance is for you.

Fiction: Umbrella insurance protects pricey personal items.

Many people have the misconception that umbrella insurance protects costly goods such as posh jewelry or original artwork. The truth is it provides extra liability coverage to protect you against lawsuits if you’re found at fault for causing an accident in your home, business or on the road. Umbrella coverage can help protect your assets if you’re sued for damages.

Fiction: Umbrella insurance is extremely costly.

The cost of umbrella coverage is extremely reasonable considering the amount of protection it provides. Coverage limits start at $1,000,000 and can be extended up to $10,000,000, depending on the protection you need. Umbrella coverage is designed to protect you against serious accidents you may cause. Although policy costs vary depending on your risks, on average, a $1,000,000 policy can be added to your home and auto coverage for less than $200 annually.

Fiction: Umbrella coverage is only for the wealthy.

You don’t have to be wealthy to be sued for damages. Lawsuits are more common than ever today and often involve the middle class along with upper-class families. If you have valuable assets such as a home, auto, boat or real estate property, you could benefit from the protection that umbrella insurance has to offer. Even your savings, retirement, inheritance and future wages can be at risk when it comes to a lawsuit.

For more information about umbrella policies and costs, contact Brock and Poole Insurance Agency in Collierville, TN.  

As a renter, you may not own your home, but that won’t prevent a person from suing you if there is an unexpected event or an accident. Insurers offer personal umbrella policies for protecting you against claims of liability. Without personal umbrella insurance, your income is at risk for garnishment should a judge find you liable for any injuries or damages.  

What is Personal Umbrella Insurance?

A personal umbrella policy from Brock and Poole Insurance Agency provides liability protection that extends limitations of your property or auto insurance policies. As an example, what if you get involved in an automobile accident and found guilty for causing the injury of the other driver suing you for expensive medical costs? If your insurance cannot cover the judgment against you, a portion of your wages or business income could get garnished or your personal assets could get seized to compensate. With umbrella insurance, however, the policy could cover any legal or court expenses, besides the judgment, up to its limit. 

Before you can get personal umbrella insurance in Collierville, TN, it is mandatory to have existing renters or auto policy with specific liability limits. A personal umbrella policy can take care of any additional liability expenses, up to its policy limits, when the limits of your property or auto liability policy get exhausted. 

Who Should Get Coverage?

People in Collierville, TN who have personal assets which need protection and also individuals who enjoy risky hobbies, such as hunting or boating should consider buying coverage. However, just about anyone can benefit from purchasing umbrella insurance. Particularly, if you are a renter who would find it a challenge to manage with only a partial income, should your wages get garnished to fulfill a claim against you, a personal umbrella policy could be beneficial. 

If you need more information or have a question, you’d like an agent to answer, contact Brock and Poole Insurance Agency today.