At ASZ International Inc. in Westchester, NY, our experienced independent insurance agents can answer any questions you have about umbrella insurance and suggest the appropriate amount.
What is Umbrella Insurance?
Umbrella insurance is one of the least understood types of insurance. There is no insurance to cover your umbrella. It is not something that only benefits the wealthy. It is not a stand-alone type of insurance. It is an addition to a policy you already have. It is a specific type of liability coverage that extends the liability coverage you already have on one or more insurance policies.
What Does Umbrella Insurance Cover?
Many of the insurance policies that you have provide liability coverage. They have a specific limit that is detailed on the declaration page. This is the amount of protection you have if you or a family member get sued. Defending yourself from legal action will cost you a lot in legal fees. Those alone could eat up a good chunk of your coverage.
Judgments continue to rise, and how would you deal with the excess of a judgment above your liability coverage? If you don’t have much money in the bank, you might have to sell the assets you have worked so hard to acquire. You don’t have to have a huge amount of assets, but if you have equity in your home or other material assets, they could be in danger if you don’t have an umbrella policy. These are incredibly affordable and provide a lot of peace of mind. Umbrella policies begin at about a million dollars and go up from there according to your needs.
Contact ASZ International Inc. in Westchester, NY for all your insurance needs. Let us give you a quote for umbrella insurance and explain how it can benefit you.
Comparing Quotes - Made Simple