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Umbrella insurance is a crucial tool for many auto and homeowners to ensure that they have the appropriate level of insurance coverage. At T.D. McNeil Insurance Services, we frequently help people add umbrella coverage to their home and auto policies. We have seen many Folsom, CA residents come to us after discovering that they are liable for damages they were unaware of. Here are three common hidden risks that could expose you to financial liability, requiring the protection of an umbrella insurance policy.
1. Recreational Vehicles
You could be liable for damages that aren’t covered if you don’t have umbrella insurance on a recreational vehicle. This includes ATVs, jet skis, electric bicycles, and many other types of vehicles. These types of vehicles come with an increased risk that you must be properly covered against, unless you want to be on the hook for thousands of dollars in medical bills down the road.
2. Owning a Rental Property
You need more than just traditional home insurance if you are renting a piece of property out to tenants. You never really know who is staying on your property. You don’t want to be on the hook for medical bills if someone gets injured on your rental property.
3. Carpooling
If you carpool with another family to school or events, make sure you are properly covered if one of the other children gets hurt in a car accident while you are driving. Some traditional auto insurance policies may not cover you in this instance. As your children get older, you are going to want to update all of your insurance policies.
We provide Folsom, CA residents with the umbrella coverage they need to get proper peace of mind at T.D. McNeil Insurance Services. Give us a call today if you want to learn how we can help you.
