Umbrella Coverage
Umbrella Coverage Information
Personal Umbrella Insurance
Since 1981, The Bob Putnam Agency has been committed to delivering quality personal insurance services to our customers. We work with a network of trusted carriers who always offer optimized coverage at prices that you can afford, and we have the expertise that will ensure that we always get you the perfect coverage solutions.
When rounding out your personal insurance portfolio, don’t forget to include personal umbrella insurance among your coverage. It’s there to ensure that you’ll have coverage even if a claim exceeds the value of your standard liability benefits. It’s affordable, adaptable and great for anyone.
Call us at 607-397-1999 or request your free, no obligation quote now!
Common Umbrella Insurance Questions:
The average liability insurance policy will guarantee you that it will help you if you are ever legally responsible for an accident that harms others. For example, if you are at fault for a car wreck, then auto liability insurance will help you repay other involved drivers for the damage you caused.
Still, once your liability policy pays up to its limits, you won’t have any additional coverage for any outstanding claims that the impacted party makes. However, your umbrella insurance can be the benefit that will pay this difference, and help you avoid having to pay these additional costs out of pocket.
A single personal umbrella policy can be used in conjunction with numerous policies at the same time, including:
-
Auto insurance
-
Homeowners insurance
-
Renters insurance
-
Boat insurance
-
Motorcycle insurance
To use this plan, you would first have to file a claim against one of your personal liability policies. Once that policy has maxed out its benefits, you can turn to your umbrella policy to cover the difference.
Most policies will offer at least $1 million in additional protection, and many will cover liabilities that aren’t covered at all by your basic policies.
By getting a personal umbrella policy, you’ll open yourself up to a significant amount of additional protection. Anyone who values having extra protection at affordable rates will find this coverage beneficial.
Suppose that you have homeowners insurance with a liability limit of $500,000. However, a neighbor falls down your steps, sustains a severe injury and sues you for $2 million worth of medical bills, lost income and other damages. That’s a $1.5 million difference between what you owe this neighbor and what your homeowners liability policy is going to pay. You can turn to your umbrella policy to cover the difference.
Umbrella policies are highly affordable, flexible and easily integrated into your personal insurance portfolio. We will compare the plan options from within our carrier network to ensure that we help you find the one that will offer you the most comprehensive level of coverage at the best value. In the end, you’ll be glad that you have this benefit if the need ever arises where you have to use it.
|