You have a car, a house, or if you’re lucky, a motorboat. To have your properties secured, you need to have insurance for each one. But basic insurance for each may not be enough to have you or your properties secured. This is where an Umbrella Insurance Policy helps. What’s an Umbrella Insurance?
An Umbrella Insurance Policy is liability insurance is an insurance policy that still gives you a balance despite paying in full. This will cover the remaining amount. This also serves as an additional layer of security, especially if you are at risk of being sued even though you are not responsible for the accident. This is perfect for individuals who own multiple expensive properties and are always at risk of being sued. Umbrella insurance typically covers property, medical expenses, and lawsuits. How does it Work? Here are some examples of how umbrella insurance works:
Who Would Benefit in an Umbrella Insurance Despite the benefits of umbrella insurance, this can be expensive. But if you acquired umbrella insurance from the same insurer as to your home or automobile, then this could lessen the cost. If you own multiple properties and have a sizeable amount of assets, then consider getting one. If your profession also has a high risk of being sued or injury to others, then umbrella insurance would be perfect. Conclusion Umbrella insurance is perfect for individuals with a high volume of assets and owns a lot of properties. It can be expensive, but if you talk to your agent about umbrella insurance, he’d surely give you a reasonable quote for your family and assets. At Mauser & Tobin Co., Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (516) 747-0171. You can also request a free quote by CLICKING HERE.
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