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The Upsides of an Umbrella Policy

By March 19, 2024May 20th, 2024No Comments

Quite often, various insurance policies are designed to protect different valuables. With an umbrella policy, extra liability insurance preferred by businesses, it protects you against severe lawsuits and claims to protect your personal and business assets. This article will learn the vital information and details about an umbrella policy and how it could be beneficial for you.

What is Umbrella Insurance?

Umbrella insurance is personal liability insurance that can protect you against claims larger than your other insurance, such as homeowner and auto policy. The extensive leverage of umbrella insurance is limitless. If you’re an owner of different insurance, umbrella insurance can cover its liability claims that your primary policies cannot cover.

Why is Umbrella Insurance Significant?

In reality, any insurance is a guaranteed tool to protect your assets. With this, umbrella insurance is a type of insurance policy that can provide you comfort against any future liability expenses. It protects your assets and properties for future use. What makes this insurance even more advantageous is its quick and hassle-free claims process as long as you’re able to provide valid requirements.

Higher Liability Limits

Umbrella insurance can help you with second fold protection of large expenses that go beyond liability limits in your other policies. This feature implies that if your primary insurance entirely consumed its liability limit, you can rely on your umbrella policy in covering the remaining liability costs. With umbrella insurance, you can prevent losing all your assets from significant expenses and lawsuits.

Gap Coverage

While your primary insurance like home, auto, and rental policies can protect you, these policies usually have various exclusions and limitations on liabilities. This is where the beauty of umbrella policy kicks in as it covers the gap of the loopholes from your primary coverages. When planning to get an umbrella policy, make sure to pick the coverage that would fill all the gaps in your direct insurance.

Defense Expenses

Note that any defense expenses that exceed your primary policy limits will be your responsibility and not your primary insurance provider. With that, it is where you’ll need an umbrella policy to sustain your defense costs and pay for the damages. It’ll also enable your party for extra defense expenses in case of a liability lawsuit.


Umbrella insurance is designed to help you against mulling damages you may incur from lawsuits and other liabilities. And even if you’re a careful individual, it isn’t a guarantee that you won’t be involved in any personal liability lawsuits. That’s why an umbrella policy is there to get yourself on track in case your primary insurance exceeds its limit.

At Mauser & Tobin Co., Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (516) 747-0171 or Click Here to request a free quote.