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Are you in the market for umbrella insurance? Maybe you don't exactly know what umbrella insurance is all about. If this is the case, it's beneficial to learn more from an established agency such as Wilcoxon Insurance, Inc. of the greater Sioux Falls, SD area.
It can be worthwhile to have an umbrella insurance policy if you have a business with a high-risk level of someone bringing a lawsuit against you. This also is an excellent idea to offer coverage if you are sued after someone becomes injured on your property or their belongings are stolen or damaged while they're on your property. Such a policy applies to roommates who move in after you establish the lease (and subsequently don't end up being put on the lease), family who are visiting your home, contractors who you have at your house to do repairs or some type of construction, as well as others.
Note that umbrella insurance doesn't cover you or your belongings.
Umbrella insurance is in place to cover amounts that go beyond your regular policy. This means that if you're sued for an amount that is higher than what you have in your homeowner's coverage, the rest will divert from your umbrella insurance. It's a great fail-safe that you hope you'll never need to use, but it is in your best interest to be prepared in this way.
When you want to set up your umbrella policy, look no further than Wilcoxon Insurance, Inc. Our South Dakota agents can sit down and discuss what the options are and come up with something that fits into your needs. You also can reach out by phone or request a quote online if you need insurance in the Sioux Falls, SD area.
