7224 Forestview Lane North Maple Grove, MN 55369  ♦  (952) 473-6584  ♦  info@ranagency.com

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MN Umbrella Insurance Policy

When it rains, it pours…

Umbrella InsuranceEspecially when it comes to unexpected accidents or claims…

As we all know, life can be unpredictable. For instance, no one can accurately predict when or where it might rain. This is where insurance comes into play, acting as a safety net for when the unforeseeable happens. At RAN Agency, our insurance specialists are dedicated to providing comprehensive umbrella policies to protect you from a wide range of potential financial dangers and mishaps in Maple Grove, MN.

Umbrella Insurance: The Shield You Never Knew You Needed

With the unpredictability of life, it’s always a good idea to be prepared for the unexpected. Umbrella insurance policies, as the name suggests, serve as the metaphorical umbrella shielding you from various risks that might catch you off guard. These policies are designed to offer extra liability coverage beyond the limits of your existing home or auto policies, ensuring added protection against unforeseen events.

What is umbrella insurance?

You never know when it might rain. So, just like the name implies, this type of policy acts like an umbrella, providing protection against a wide range of potential financial dangers and unforeseeable mishaps.

Umbrella insurance does not cover:

However, what exactly is covered by your umbrella policy depends on how you decide to set it up. In most cases, umbrella insurance protects you from:

Yes, your existing insurance may protect you to an extent, but an umbrella policy goes much further for less cost than upping the limits on your existing policy because it covers for different types of risks. Umbrella insurance is also portable, in most cases, so it can follow you when and wherever you travel.

Since the terms of umbrella insurance policies will vary, depending on insurance companies and your own personal needs, a qualified insurance agent from our firm is the best person with whom to discuss the benefits, restrictions, and coverage from each carrier they represent.

Aren’t people with a lot of assets the only ones who need umbrella insurance?

Actually, anyone with a job, who expects to keep the income they earn, could benefit from having an umbrella insurance policy.

What would happen, for example, if someone made a delivery to your house, slipped on a sidewalk recently wet by your sprinkler system, and suffered severe head injuries from the fall. They will sue you, of course.

Your homeowners insurance kicks in and pays up to its maximum limits. But the jury finds that you are responsible for an extra $500,000 over your homeowner’s limits.

Ask yourself: How long would it take you to pay that off with your weekly paycheck?

Umbrella insurance covers the amount that exceeds your homeowners coverage, usually up to $5 million, sparing you from a financial nightmare, along with paying the attorney to help you survive it.

Are umbrella policies expensive?

Relative to the amount of protection you get, umbrella insurance is highly affordable. Especially since it’s unlikely you will ever have to make a claim against it. So, your specific cost will be determined by:

You may save even more money by purchasing umbrella insurance from the same carrier who provides your home and/or auto insurance-check with us to make sure.

Tell me again why I need Umbrella Insurance?

A long time ago, you set some goals, made a plan, worked hard, and got “there.” As you did, you accumulated possessions. Not to be ostentatious, but enough to make you and your loved ones comfortable.

You are rightly proud of these accomplishments. In fact, you have protected them with the best insurance you could.

Now, you need extra protection, an umbrella insurance policy. A policy that will cover you above and beyond what any single policy might cover.

For example: What are your limits on your auto and home liability policies: $300,000 to $500,000?

Okay, you say, the insurance will cover it. But what if the amount is over the policy limits? (That happens, especially if you have nice things.)

Your standard home or auto policy is likely not going to be enough to cover what the plaintiff is asking for.

How will you pay the judgment? How will you even defend yourself in such a lawsuit? Can you actually lose all you have strived for?

You bet you can. Not only can you lose what you worked for, you can lose part of your wages for the rest of your working life. (Most people don’t know this.)

Choose RAN Agency for Your Insurance Needs

As your trusted insurance specialists in Maple Grove, MN, RAN Agency is committed to delivering unparalleled service and support. Our umbrella policies provide added protection against various risks that life may present, securing a brighter future for you and your loved ones. To learn more about our umbrella insurance policies and how they can benefit you, please contact us today. Our team of professionals is more than happy to discuss your insurance needs and design the perfect coverage plan to keep you well-protected. Don’t let life’s unpredictability catch you off guard, choose RAN Agency as your trusted partner in safeguarding your financial future.

Free Umbrella Insurance Quote

Contact

Office: (952) 473-6584
Fax: (952) 473-7089

7224 Forestview Lane North

Maple Grove,MN55369

 

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