Umbrella insurance provides additional coverage if you exceed the limits of your primary insurance policy. The policy comes in handy to protect your assets and financial future in case of a worst-case scenario. It typically covers professional expenses, legal costs, or loss of income if you are ever sued for something covered by your primary insurance policy, such as car accidents or home accidents. For guidance in Harrison, AR, consult Foresee General Insurance Agency Inc. 

How Does Umbrella Insurance Work 

Umbrella insurance is a supplemental policy that works as a safety net for your current insurance plan. It provides an added layer of protection against high-risk scenarios and can be purchased as a stand-alone policy or added to another policy, such as car insurance. The insurance can help you cover the costs of repairing or replacing your car if it is damaged in an accident where another driver was at fault, pay for medical expenses if you are in a car accident and injured, or cover legal fees if you are sued for something related to your car. 

An umbrella policy can also help protect you from liability if you are hosting a social gathering at your home and a guest is injured due to negligence, such as serving alcohol to an underage guest. It can protect in case of a significant accident or unforeseen event. 

• What it covers: Umbrella policies typically cover expenses above a certain threshold, such as $1 million.
• Who it’s best for: People with a standard insurance policy who want additional protection. 
• What to consider: Umbrella policies can be quite expensive, so you need to decide if the potential benefit is worth the cost.

Umbrella insurance is there to pick up the pieces when your primary insurance policy falls short. For example, you may have a liability limit on your car insurance, but what happens if you cause an accident that injures someone and their medical bills exceed that amount? Umbrella insurance can help cover those expenses up to a specified amount. Umbrella insurance is there for you when you need a little extra protection. 

Final Remarks 

Most policies have a limit of up to a few million dollars, which may not be enough to cover the value of your home or your assets. An umbrella policy can fill in the gaps and help protect you from financial loss if you are sued for something your other insurance policies don’t cover. Call Foresee General Insurance Agency Inc. for consultation in Harrison, AR.

Flooding is one of the worst and most common natural disasters in America. It can devastate communities, damage properties, displace families, and destroy neighborhoods. Unfortunately, many people think that floods are part of their home insurance policies and lose property worth millions.

At Foresee General Insurance Agency Inc., we recommend learning about flood insurance and purchasing the policy on time to help cover the damage when floods occur. Here are some of the critical things homebuyers in Harrison, AR need to know about flood insurance.

No One is Safe from Flooding

Everyone is susceptible to flooding. Whether you live in a low-risk or high-risk flood area, it’s important to buy enough flood insurance to protect yourself and your family. While the coastal regions are at a higher risk of flood damage than other areas, you can never underestimate how far floods can get. Remember, flooding can be caused by many things, including heavy rain, broken dams, inadequate drainage, and melting snow.

You Might Be Required To Buy Flood Insurance

If your home is situated in an area that often experiences floods, your lender can request you carry flood insurance to protect their interests. Remember, flood insurance is separate from home insurance, and home insurance doesn’t cover flood damage.

There is a Standard Wait Time for Flood Insurance

When you buy flood insurance in Harrison, AR, you may need to wait up to 30 days for the policy to qualify to file a flood insurance claim. If you buy flood insurance today and experience floods next week, flood insurance may not cover the damages.

Get Your Policy before it’s Too Late.

At Foresee General Insurance Agency Inc., we can help you get a policy that matches your budget. We ensure that you, your family, and your property are protected in a flooding event. Feel free to reach out to learn more about flood insurance and other policies.

When it comes to choosing the right policy to protect your Harrison, AR area condo, you can count on Foresee General Insurance Agency Inc. Our team is proud to serve the insurance needs of our community, and we would welcome the opportunity to work with you too!

Benefits of a comprehensive condo policy

With a comprehensive policy, you can elect to have more liability insurance or opt for greater coverage of your personal articles. The main benefit of a comprehensive condo policy is its flexibility. You can choose the appropriate coverage for your needs, especially when it is greater than the protection provided by a basic policy.

If you are concerned about coming out of pocket for any expense related to a loss or liability, it only makes sense to look into comprehensive condo policies. In many condo buildings, owners are responsible for any damage that occurs in their units. This means that a mishap that occurs through your neighbor’s fault could still be a financial burden for you.

Taking the time to review your needs thoroughly can help you make a good choice when it comes to selecting your condo policy. Enhanced liability protection is just one of the benefits. Owners with expensive items may wish to take a look at a Personal Articles rider. These riders can provide excess insurance beyond the primary policy. 

When it’s time for you to select a policy, why not sit down with a knowledgeable, local agent?

Find out more today!

Foresee General Insurance Agency Inc. is here for the Harrison, AR community. Call or stop by today if you would like to learn more about your condo insurance options and why a comprehensive policy may be right for you!

You are probably thinking of savings accounts and retirement funds when you think of investments. Many people do not consider their life insurance to be a part of their investment plan. Life insurance is most definitely an essential form of investment, though. Life insurance is the investment you make in your family to help them when you are gone. At Foresee General Insurance Agency Inc., serving Harrison, AR, and the surrounding areas, we can help you understand this critical investment type. Keep reading to learn more.

How Does Life Insurance Work?

Life insurance is a type of insurance policy you pay each month. The policy will have a benefit amount established when you purchase the policy. If you pass away, the benefit amount will be paid to your family. This benefit amount can be used to pay for your final expenses and provide financial support to your family. 

How Much Life Insurance Do I Need?

The amount of life insurance purchased will vary significantly from family to family. Each individual will have different goals that they intend for the benefit amount. Some people only wish to provide enough money to have their final expenses covered, while others may want to provide a financial cushion for their family to use for years to come. You will need to discuss your goals with your family. It is also helpful to sit down with an insurance agent to discuss your goals and how much insurance coverage may be appropriate to meet those goals. 

If you would like to learn more about life insurance or any of our other insurance services, don’t hesitate to contact us at Foresee General Insurance Agency Inc., serving Harrison, AR, and the surrounding areas.