Umbrella insurance is extra liability coverage meant to protect you from events that cause financial losses. It complements any single coverage above what is covered in your car and home insurance policies and pays for any legal expenses. Consult DePaulo Agency serving Scotia, NY for umbrella insurance policies.
How Does Umbrella Insurance Help
Umbrella insurance comes in when you have extra assets that are not covered by your homeowners or auto policies or when the limits have been reached for these policies. It offers coverage for injuries, personal liabilities, property damage, and some lawsuits.
Umbrella insurance covers your home, auto, boat, business autos, general commercial liability and pays for any claims that aren’t normally covered by other existing policies. Accidents happen all the time, and as they are often unplanned and unexpected, it helps to have a plan in place to give you peace of mind and protect you from financial losses.
When you buy liability insurance for your car, home, or assets, you get a limited amount of protection to cover legal fees and some claims. In some cases, these expenses are crippling. They exceed the limits of your liability insurance cover. with an umbrella insurance policy, you and your family don’t have to pay out-of-pocket once the standard insurance protection is exceeded. It offers additional liability coverage for all policies under a single umbrella for all your personal liability policies.
Umbrella insurance also offers protection for certain events that aren’t covered by general liability coverages, and the coverage extends to all family members. This policy isn’t limited to a single person, so; you can protect your spouse, kids, and any other dependents with single coverage.
Umbrella insurance policies boost other liability coverages and only kick in when these coverages are exhausted. If you have any doubts or concerns about what is covered in an umbrella policy, consult with the insurance agents from DePaulo Agency serving Scotia, NY.