UMBRELLA INSURANCE
Contact
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Landline: (227) 250 - 0009
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Licensed in MD, PA, NJ, VA, DE
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For Business Entities and Individuals
Other Insurance
Umbrella Insurance
Umbrella insurance offers additional protection when the costs of a covered claim exceed the limits of your underlying policies. This extra layer of liability protection can help cover legal costs and damages if you're sued for property damage or causing injuries to others.
Our team of professionals can help you have proposals, providing correct policy option to meet your needs at a competitive rate.
Personal Umbrella Insurance, Commercial Umbrella Insurance
In the realm of property and casualty insurance, umbrella coverage comes in distinct forms: Personal Umbrella Insurance and Commercial Umbrella Insurance.
Personal Umbrella Insurance provides extended liability protection beyond the limits of individual personal insurance policies, such as auto or homeowner insurance. This type of policy is designed to safeguard individuals and families from significant liability claims or lawsuits that exceed the coverage limits of their primary personal policies.
In contrast, Commercial Umbrella Insurance is specifically tailored for businesses, offering additional liability protection over underlying commercial policies such as general liability insurance, commercial auto insurance. It acts as a financial safety net for businesses facing claims that surpass the limits of their standard liability coverage.
It is important to note that these two types of umbrella insurance are entirely separate. Personal umbrella policies do not cover liabilities arising from business operations, and commercial umbrella policies do not extend coverage to personal liabilities. Ensuring the correct type of umbrella insurance is essential to meet your specific liability protection needs effectively.
Do I Need? How Much Coverages is Good Enough?
These questions depend on your personal circumstances. Key considerations include:
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Total Net Worth
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Potential Liability Risks
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Family Situation and Dependents
As your career development, your umbrella insurance needs may change. We recommend reviewing your policy annually to ensure adequate coverage.