The simple answer to the question who needs to carry umbrella insurance would be anyone who owns a home or car and has any assets. In order to determine if umbrella insurance is right for you, a stop at the Nieroda Insurance Agency in Saint Charles, MO is in order. They can answer any questions that you may have about which insurance coverage is right for you.

An umbrella policy is additional liability insurance above and beyond what you may already have on your home or auto insurance. You may think that you have a small home or an inexpensive car and why would you want or need additional liability coverage. What you are protecting is not only your current assets but those assets that you may acquire in the future.

If legal action is brought against you, you may be required to not only pay a settlement to the person who brought the suit against you but you will also incur a lot of legal costs. Your home or auto insurance will cover you up to the limit that is on your policy but in the world that we live in, the settlement that may be won against you can go way beyond those limits.

This is where an umbrella policy will kick in. It will pay the amount about the auto or home insurance up to the limit that the umbrella policy has. This can be between one and five million, dollars. If you don’t have a way to pay the judgment against you, your future earnings can be garnished. It could take years to earn enough to pay such a judgment.

If you live in the Saint Charles, MO area, why not stop by the office of Nieroda Insurance Agency to discuss whether an umbrella policy is something you should consider.