Life is stressful. Fortunately, the right insurance plans mitigate many risks and, thus, stressors. Auto insurance makes driving less risky. Home insurance makes house ownership less stressful and easier for lenders to extend affordable mortgages. Even a well-insured family may be exposed to various uninsured risks. Fortunately, umbrella insurance can often be used to fill the gaps. If you and your family would like to explore umbrella insurance options, contact Com-Co Insurance Agency Inc, serving Mount Prospect, IL.<\/p>\n
Umbrella insurance is used to increase existing insurance limits and to expand coverage to events not typically covered by standard insurance plans.<\/p>\n
Many insurance plans come with limits on how much they will cover. For example, your auto insurance might have a bodily injury liability limit of $50,000 or $500,000 or whatever. The auto insurance policy might pay for medical bills up to $50,000 or $500,000, but after that, you will have to cover the bills yourself.<\/p>\n
You could increase coverage through the auto insurance plan or buy umbrella insurance. Umbrella insurance is beneficial for mitigating liabilities. If some action (or inaction) causes an injury, you may find yourself in court, facing a lawsuit. <\/p>\n
Let’s say a homeowner failed to fix a broken railing on a flight of stairs, and someone fell. Their homeowner’s insurance provides coverage, but only up to $50,000. If the injuries were severe, medical costs could quickly exceed that. Fortunately, the homeowner took out umbrella insurance extending coverage up to $1 million. In this case, the umbrella insurance will pick up the tab (up to $1 million). <\/p>\n
It’s much easier to sleep at night knowing you’re well-protected. Want to discuss insurance options? Contact Com-Co Insurance Agency Inc, serving Mount Prospect, IL.<\/p>\n","protected":false},"excerpt":{"rendered":"
Life is stressful. Fortunately, the right insurance plans mitigate many risks and, thus, stressors. Auto insurance makes driving less risky. Home insurance makes house ownership less stressful and easier for lenders to extend affordable mortgages. Even a well-insured family may be exposed to various uninsured risks. Fortunately, umbrella insurance can often be used to fill […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6,5],"class_list":["post-130","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-com-co-insurance-agency-inc","tag-mount-prospect-il"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t