Beyond The Basics Insurance
Extra Liability Protection
Life is unpredictable, and sometimes the unexpected can put your assets at risk. Go Insurance offers umbrella insurance for Alberta residents, which provides an extra layer of liability protection that goes beyond the limits of your standard home, auto, or renters’ insurance policies. Whether you’re protecting your savings, investments, or future earnings, umbrella insurance helps cover legal fees, damages, and more. Ensure you’re fully covered with a customised policy to suit all your diverse needs.
Shield Yourself Against Unexpected Liability
Umbrella insurance is essential for Albertans looking to enhance their existing coverage and protect themselves from potential financial ruin. While your home, auto, or renters’ insurance provides basic liability coverage, it might not be enough in the case of a significant claim or lawsuit. Umbrella insurance kicks in when these limits are exhausted, covering additional expenses such as legal fees, medical costs, and damages. This extra layer of protection is crucial for anyone with significant assets, high-risk hobbies, or those simply wanting comprehensive peace of mind.
What Does Umbrella Insurance Cover?
Go Insurance’s umbrella policies provide coverage for a wide range of scenarios where you may be liable, including:
- Personal Liability Protection:
Covers legal fees, medical expenses, and damages if you’re found liable for injuries or property damage. - Libel, Slander, and Defamation:
Provides coverage for lawsuits resulting from personal injury claims not typically covered by standard insurance. - Property Damage Liability:
Extends beyond your existing home or auto policy limits for significant property damage claims. - Accidents on Your Property:
Protects you if someone is injured on your property, or if you cause an accident off-site that leads to costly legal claims.
Our umbrella insurance ensures you’re fully protected against unforeseen incidents that could impact your financial stability.
Who Needs Umbrella Insurance?
Umbrella insurance isn’t just for the wealthy; it’s for anyone who wants to protect their financial future. This coverage is especially beneficial for:
- Homeowners:
Protects against significant claims resulting from accidents or injuries on your property. - Renters:
Offers liability protection beyond the limits of your standard renters insurance. - Business Owners:
Shields your personal assets from business-related liability claims. - High-Risk Individuals:
Those who own dogs, pools, or host frequent guests and events may be at higher risk for liability claims.
If you want to ensure comprehensive protection against unexpected events, umbrella insurance is a wise investment.
4 Benefits of Umbrella Insurance in Alberta
One of the major benefits of umbrella insurance is that it provides a substantial amount of additional coverage at a relatively low cost. By extending the limits of your current policies, umbrella insurance offers:
- Increased Liability Coverage: Extends your current liability coverage by $1 million or more.
- Broader Coverage: Covers incidents and scenarios not included in standard insurance policies.
- Cost-Effective Protection: Provides high-value coverage at a fraction of the cost of increasing individual policy limits.
- Worry-Free Protection: Guards your assets and future income, to alleviate the worry of unexpected liability claims.
With umbrella insurance from Go Insurance, you can enjoy extensive protection without a high premium.
Filling the Gaps in Your Existing Policies
Umbrella insurance acts as a safety net that comes into play when the limits of your underlying policies, like home or auto insurance, are exceeded. For example, if you are found liable for an auto accident resulting in damages and legal fees that surpass your auto policy limits, your umbrella policy will cover the remaining costs, up to its limits. These limits ensure you are not left financially vulnerable when your standard policies fall short.
Affordable Options to Maximise Your Protection
At Go Insurance, we believe in providing affordable options for Albertans to maximise their coverage. Here are a few ways to save on your umbrella insurance:
- Bundle Policies:
Save by bundling umbrella insurance with home, auto, or business insurance policies. - Claims-Free Discount:
Reduced premiums for policyholders with zero claims. - Higher Deductibles:
Choose a higher deductible to lower your insurance rate. - Loyalty Discount:
Enjoy savings by staying with Go Insurance over the long term.
Our team will help you find the best savings and the most comprehensive protection possible.
Why Umbrella Insurance is Worth Considering
Whether you have substantial assets, own a business, or simply want added protection, umbrella insurance offers extensive coverage that enhances your financial security. It’s particularly valuable for those who may be exposed to higher risks, such as property owners, landlords, or individuals with a significant public profile. By investing in an umbrella policy, you’re making a strategic decision to protect yourself from life’s unexpected challenges and avoid the potential financial burden of costly claims.
Ready for Life’s Unexpected Turns
Life is full of unexpected twists, whether you’re a young professional, a retiree, or anywhere in between. Umbrella insurance provides broad protection for anyone who may face liability risks, such as owning valuable assets, travelling frequently, or hosting gatherings. This extra layer of coverage ensures that you’re prepared for anything life throws your way, from an accident on the road to an unexpected lawsuit, allowing you to live more freely without the fear of potential financial setbacks.
Added Security for Growing Families
If you have a growing family and your lifestyle has changed, your insurance needs need to change too. Umbrella insurance provides a flexible solution for protecting against potential liabilities that arise as life becomes more complex. Whether it’s covering potential incidents involving teenage drivers, backyard swimming pools, or family pets, an umbrella policy offers expansive coverage that adapts to your changing circumstances. It’s a forward-thinking way to safeguard your family’s future against the often-unexpected events that come with homeownership and family life.
Get Your Umbrella Insurance Quote Today
Don’t wait until it’s too late—add an extra layer of security with umbrella insurance. Contact one of our expert brokers to discuss your needs and get a personalised quote. Our experienced consultants are here to help you understand your options and find the right umbrella policy that suits your lifestyle and financial goals. Secure your future with the added protection of umbrella insurance in Alberta.
Get a Quote
Our agents are ready to find you an affordable premium and extensive coverage today. Get a free quote.