For some people, purchasing the least number of insurance policies for their personal or business needs may seem like the best course of action so they can simplify their lives in Raleigh, NC. It’s tempting to think an umbrella insurance policy will cover all perils, but that’s not necessarily true. The team at Craig Insurance Group can explain why you need more than umbrella insurance to protect yourself.

What is Umbrella Insurance?

Umbrella insurance is an add-on policy that will give you additional liability and legal protection beyond the limits of standard insurance policies. If you have one for your business, you’ll also need a separate one for your home and vice versa. The policies work best for high-worth individuals who need protection from excessive lawsuits. Umbrella insurance won’t cover injuries or damage to your property. It also won’t cover reckless or unruly acts.

Other Types of Insurance to Consider

If you are a business owner, you should have a basic business operations policy (BOP) in place. Within this policy, you can request various provisions that fit your company and your specific industry. Among the types of coverage you may consider are professional liability, general liability, professional liability, business interruption insurance, and more.

Homeowners should protect themselves through a basic homeowner’s policy, along with a schedule of coverage for valuable personal property worth more than a deductible. Add-ons to a homeowner’s policy to consider include tropical storm and flood insurance, provisions for sewer backups, and various individual policies, including auto, health, and life insurance.

The world of insurance policies can be confusing, but our agents are ready to help you navigate your needs in Raleigh, NC. Contact the Craig Insurance Group office to schedule your consultation on finding insurance protection for your business or personal life.

There are plenty of different ways to protect yourself, and one of those ways is through the right type and level of insurance coverage. Even if you have other policies for individual areas of your life, that’s sometimes not enough. For additional protection in the Raleigh, NC area, you can work with Craig Insurance Group to get the umbrella insurance policy that meets your needs.

Here’s what to consider when choosing this kind of policy:

First, you want to work with a trusted agent to make sure you’re getting the level of coverage needed. A policy that doesn’t have enough protection isn’t going to give you the value you hope for. However, an insurance professional can talk you through what’s available and help you gain a better understanding of how specific policies could fit with your situation.

Additionally, you want to make sure you get all your questions answered, so you can select the right policy from the options available to you and update that policy as needed in the future. Umbrella policies are designed to offer you coverage beyond what your individual policies provide, in case you exceed the limits of the original policy with a claim. Like an umbrella protecting you on a rainy day, these policies are focused on overarching coverage in more than just one area.

Schedule A Consultation Today

If you’re in the Raleigh, NC area and considering umbrella insurance coverage, reach out to us at Craig Insurance Group today, and let’s talk about the protection options you have. There’s no reason to worry about the level of coverage you have with your current insurance policies when you could have additional coverage that goes above and beyond to increase your level and security and peace of mind for the long term.