Car accidents happen in an instant, but their financial consequences can last a lifetime. While you may believe your auto insurance provides sufficient coverage, catastrophic accidents can result in damages that far exceed your policy limits. At Percheron Insurance Group, serving Pinellas County, we help drivers understand how umbrella insurance acts as a vital safety net when the unexpected occurs.
When Auto Insurance Isn’t Enough
Many drivers carry only the state minimum liability coverage, which might seem adequate until you cause a serious multi-vehicle accident. If you’re at fault in a crash that sends multiple people to the hospital, your $25,000 or $50,000 bodily injury coverage could be exhausted by just one victim’s medical bills. Umbrella insurance steps in to cover the remaining costs, protecting your personal assets from seizure.
Real Financial Protection
Imagine being involved in an accident that results in $2 million in medical expenses, lost wages, and pain and suffering claims. Without umbrella coverage, you could lose your home, savings, and future earnings through wage garnishment. Umbrella insurance provides an additional $1 million to $5 million in coverage, ensuring these devastating scenarios don’t destroy your financial future.
Beyond Medical Bills
Catastrophic accidents often involve more than just medical expenses. You might face property damage claims for destroyed vehicles, lawsuit defense costs, and punitive damages. Umbrella insurance covers these additional expenses that standard auto policies often exclude or limit. This comprehensive protection allows you to focus on recovering emotionally rather than worrying about financial ruin.
Drive With Confidence
Don’t let one mistake or wrong move jeopardize everything you’ve worked to build. Contact Percheron Insurance Group, serving Pinellas County, today to learn how affordable umbrella insurance can provide the comprehensive protection you need on the road.
