by Melissa Gilbo, CISR on Jan 10, 2015
2015 is here!!! The beginning of a new year is always a good time to set a New Year's resolution and it's also a good time to make sure you have a plan in place to protect the life you have built. Something to think about this upcoming year is Umbrella Insurance. A personal umbrella policy provides an additional layer of personal liability protection. It is the additional protection you need in case a judgment against you exceeds the liability limits of your existing auto or homeowners policy. And compared to the risk of a catastrophic event, umbrella insurance is very affordable and will afford you some peace of mind.
A good question to ask yourself would be, “Is the liability insurance you have with your auto or home policy enough to cover all your assets?” A severe car accident or mishap on your property could trigger a costly legal claim in excess of the liability insurance coverage you have on your auto or home. The fact is, it only takes one serious accident and a resulting lawsuit to put everything you own – and will own – at risk. A umbrella policy can help to protect it all.
Here are a few things you should know about umbrella insurance:
Essentially, an umbrella policy gives you excess liability coverage on top of what your other policies provide. If you’re at fault for a serious accident, you’ll need it. Umbrella insurance also gives you liability coverage in instances where other policies don’t. Examples include driving in a foreign country or renting a boat.
If you live in MA or NH and you’re curious about how umbrella insurance might play a role in protecting the life you’ve built or plan to build, give Georgetown Insurance agency a call or visit our website to request a quote.