American Commerce Insurance offers a wide variety of insurance products including motorcycle, home, renters and auto insurance. Most people carry different types of insurance policies to protect them in the case of different kinds of accidents. But there isn’t really an insurance product for everything that can go wrong and that’s where umbrella insurance comes in handy. American Commerce offers umbrella insurance and does a great job of explaining how it works on their website.
Basically umbrella insurance is a catch-all insurance product. It takes care of larger incidents that are highly unlikely, but still can devastate you. Some examples of these incidents are your dog biting a neighbor, your child accidentally causing a fire, or a guest trips on your steps and goes on permanent disability. All of these scenarios are relatively rare, but they do happen regularly across the nation. Some of these incidences can cause million dollar lawsuits which most consumers are not prepared for emotionally or mentally.
Umbrella insurance can help reduce some of this stress. It provides an extra layer of protection that can put your mind at ease. You can add up to $5 million in extra liability protection for your homeowners, watercraft or auto insurance policies. It’s generally a very low annual cost at just a few hundred dollars per year. It’s a great protection to ensure you are protected in the case of lawsuits, attorney fees or garnishment of wages.