by: Shannon Stockdale
The umbrella policy is probably the best kept secret in the business. This type of policy is referred to as an umbrella because it is designed to cover losses that go above and beyond your typical auto and home policy. There are different types of umbrella policies. Some offer only an increased amount of liability coverage and others offer coverage for losses that may not be covered otherwise under your standard automobile or home policy for example: liable and slander.
On average a person can purchase a $1 million policy for a couple hundred dollars a year. When you compare the premium to the possible coverage in the event of a loss, it's the best bang for your buck when purchasing insurance coverage.
In today's climate of multimillion dollar lawsuits and jury awards, having adequate liability coverage is important for individuals and businesses. A person may sue you claiming negligence. It doesn't matter if you are guilty of that negligence; just being taken into court you will incur legal expenses in order to defend yourself and that is when this type of policy may seem invaluable.
Questions? We've got answers! Call 607.432.2022 for your quote today!
The umbrella policy is probably the best kept secret in the business. This type of policy is referred to as an umbrella because it is designed to cover losses that go above and beyond your typical auto and home policy. There are different types of umbrella policies. Some offer only an increased amount of liability coverage and others offer coverage for losses that may not be covered otherwise under your standard automobile or home policy for example: liable and slander.
On average a person can purchase a $1 million policy for a couple hundred dollars a year. When you compare the premium to the possible coverage in the event of a loss, it's the best bang for your buck when purchasing insurance coverage.
In today's climate of multimillion dollar lawsuits and jury awards, having adequate liability coverage is important for individuals and businesses. A person may sue you claiming negligence. It doesn't matter if you are guilty of that negligence; just being taken into court you will incur legal expenses in order to defend yourself and that is when this type of policy may seem invaluable.
Questions? We've got answers! Call 607.432.2022 for your quote today!
