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Young Insurance Associates, Inc.

3824 Barrett Dr, Ste 101
Raleigh, NC 27609

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15720 Brixham Hill Ave, Suite 300
Charlotte, NC 28277

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Why Do I Need Umbrella Insurance?

You’ve worked hard for everything that you have and you want to be able to protect it. Having umbrella coverage can do that. When you start your search for umbrella insurance coverage, look no further than right in your own backyard in Raleigh, NC. The Young Insurance Associates Inc agents are there to help you with what you need.

Umbrella insurance is liability coverage that starts where your homeowners, watercraft, or auto insurance ends. For example, if your maximum liability coverage is $100,000, but you are sued and must payout more, an umbrella policy could cover the overage.

You’ll need umbrella insurance if you:

  • Own a home – if you’re held liable for an accident that happens in your home or on your property, the resulting lawsuit could cost you more than your home insurance policy will allow. The rest of the settlement would have to come out of your own pocket unless you had umbrella insurance.

  • Have significant assets

  • Have a pool – someone who owns a pool may be sued if a person invited to the house was injured during while swimming. If you are held responsible for the incident, your insurance company will only pay for the limits that are stated in your policy. Beyond that, you would need umbrella insurance to cover the rest.

  • If you have a boat – your watercraft coverage also has limits just like your homeowner’s policy, which may or may not cover your boat. Check with your local insurance agent to see if your home insurance will cover a boating accident. Even if it does, that coverage has limits where umbrella coverage would start to payout a liability suit.

The Raleigh, NC agents are a good place to start looking for umbrella insurance. At Young Insurance Associates Inc, you’ll be able to find the perfect coverage for your situation.