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DePaulo Agency

2 Windsor Drive
Scotia, NY 12302

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What is umbrella insurance and why do I need it

Umbrella insurance is one of the least understood types of insurance. Many people are not quite sure what it is, how it works, and if it is something that might be right for them. At the DePaulo Agency in Scotia, NY, we are dedicated to providing our customers with the highest level of customer service and we work with them to create the perfect coverage for their specific situation. We carry umbrella insurance and we know how valuable it can be to your financial security and it will be our pleasure to help you to understand how it can fit into your financial plans. 

Think about umbrella insurance as you would about a big umbrella that would offer you protection from a heavy rainstorm. You wouldn’t want to deal with driving rain without one. The same way that an umbrella protects your clothes, umbrella insurance protects your assets. An umbrella insurance policy is not a stand-alone policy, it is an excess liability policy that goes along with a policy you already have. It can be private or commercial depending on what your needs are. 

When you are involved with legal action against you, the liability portion of your primary policy will kick in. Given the level that some suits can reach these days, the judgment and the expenses can go beyond the limit of your policy. That is where your umbrella policy comes in. It will cover dollar amounts above and beyond your primary policy. A typical umbrella policy is anywhere between one and five million dollars. If you have assets, an umbrella can be a lifesaver.

When you are ready to discuss your insurance needs, the experienced agents at the DePaulo Agency in Scotia, NY are ready and willing to answer any questions you may have. We look forward to hearing from you and setting up an appointment.