What is umbrella insurance?

Simply put, umbrella insurance is extra protection on top of your auto insurance, homeowners, or other insurance policies. You may be wondering why you need umbrella insurance. After all, you are already paying “X” amount of dollars for insurance plans, and they seem adequate. We understand the complex dynamics when it comes to umbrella insurance and are happy to clear things up for you.

 

Your current insurance policy may only protect you for a certain level of liability. Umbrella insurance is designed to start where your other insurance policies stop. It can be a safety net against the following:

 

• Libel

• Defamation of character

• Invasion of privacy

• Injuries to others

• Property damage to others

• Certain lawsuits

• False arrests

 

Why should I get Umbrella Insurance?

If you are a commercial business owner, it is extremely important that your business has an extra layer of protection. Unforeseen events, such as someone tripping and falling on your commercial property, can wind up costing you more money than it would have if you bought umbrella insurance. Not to mention the stress and aggravation that comes with having to find a reliable lawyer and attend court dates.

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“Accidents happen”

Unfortunately, as you may already know, some accidents can be more costly than others, and in today’s economy, with damage claims on the rise, it is always best to have adequate coverage. When you choose to purchase umbrella insurance with Spinney Insurance Agency Inc you are choosing to protect your future assets – your children’s university funds, your retirement savings, and other precious assets.