In a world full of uncertainties, having basic insurance coverage may not always be enough to fully protect your assets and financial security. Umbrella Insurance offers an extra layer of protection, going beyond the limits of your standard policies to cover you in situations where those policies fall short. At The Wallace Insurance Agency, we understand that safeguarding your financial future is paramount. As a family-owned and operated agency, we provide personalized service and customized insurance solutions that give you peace of mind, knowing you’re covered no matter what life throws your way. With our extensive experience, we offer Umbrella Insurance that helps ensure your assets are protected, even in the most unexpected circumstances.

Umbrella Insurance is designed to provide additional liability coverage that supplements your existing policies, such as home, auto, or business insurance. Here are the key components of a comprehensive Umbrella policy:

Excess Liability Coverage: Provides additional liability protection above the limits of your existing home, auto, or business insurance policies. This coverage kicks in when the liability limits on those underlying policies are exhausted, ensuring you’re not left paying out of pocket for large claims or lawsuits.

Broadened Coverage: Extends coverage to certain situations not typically covered by standard liability policies, such as false arrest, libel, slander, and other personal liability risks. This broader coverage helps protect your assets in a wider range of scenarios.

Defense Costs Coverage: Covers legal expenses associated with defending against claims that exceed the limits of your underlying policies. This includes attorney fees, court costs, and other legal expenses, providing financial relief during potentially lengthy legal battles.

Worldwide Coverage: Offers protection no matter where you are in the world, ensuring that your assets are safeguarded even when you’re traveling abroad. This global coverage is particularly valuable for individuals and businesses with international exposure.

Rental Property Liability: Provides extra liability coverage for rental properties you own, protecting you from claims related to accidents or injuries that occur on your rental premises. This is an essential addition for landlords and property investors.

These coverage options work together to create a comprehensive safety net that protects you from significant financial loss, even in situations where your primary insurance policies fall short.