Umbrella Coverage to Reduce Your Exposure
As the name implies, an umbrella policy protects you when the unexpected happens. In most cases, you’ll have auto and homeowners insurance to cover many of your liability concerns. Umbrella insurance can provide a significant upper limit to your liability coverage on top of those two, providing extra protection for surprises. You can think about protecting your hard-earned assets and income, choosing limits that reflect that concern.
Using Umbrella Coverage to Enjoy Your Fun Activities
Umbrella coverage can be quite flexible, covering areas where you might not realize you need protection. For instance, it may help to cover boats and recreational vehicle activities, and it can even cover non-physical liability such as libel and slander. If you have hobbies that could incur unexpected liability, umbrella coverage could be a good idea. Our experts at Griffith Insurance LLP in West Chester, PA can help you make that determination. The costs for umbrella insurance are typically quite reasonable, making it an exciting topic to discuss with us and a way to help ensure your fun doesn’t become financial difficulties.
Check with Us About Specifics for Umbrella Coverage
As always, it pays to check the details of your policy, which is one of our essential functions in serving you as your insurance agent. For instance, some umbrella coverage may exclude risks they see too often, even if they’re hobbies or craft activities. Hobbies in your home that turn into a business will likely need different coverage, so it’s important to talk with us about when you might cross that line. At Griffith Insurance LLP in West Chester, PA, we’re here to help you get the right insurance coverage for your interesting life!
Griffith Insurance LLP is an independent agency. We assist the West Chester, PA community by helping residents obtain the coverage to protect their assets. We have partnerships with several carriers throughout the East Coast. We are confident that we can help you find coverage that aligns with your situation.
Common Umbrella Insurance Myths Revealed
Sometimes accidents arise when you least expect them. Life is full of unpredictability. During these emergencies, it’s essential to have insurance in place. Umbrella insurance is a policy that you can lean on during troubling times. The policy is a form of supplemental coverage that you can add to your home or auto insurance policies. Umbrella insurance steps in if you are involved in a liability dispute. Perhaps you are late shoveling the snow at your West Chester, PA residence, and a guest slips and falls on your porch, breaking their hip. You may be liable for their injuries. Maybe you are texting on your phone one day, which takes your eyes off the road. You cause a serious collision resulting in multiple injuries. Umbrella insurance protects you in these situations by stepping in once you’ve reached your liability limits. Look over your policy carefully to avoid these umbrella insurance myths.
Umbrella Insurance Doesn’t Make Sense For Me.
All of your possessions hold value. If you were forced to handle the litigation process without the proper coverage, your entire livelihood could be at risk. Umbrella insurance helps you protect your assets.
My Liability Limits Are Enough
If your liability limit is lower than the total amount of your assets, you need more coverage. You want to avoid a situation where you could lose everything you’ve worked for.
Griffith Insurance LLP Helps You Protect Your Assets
Contact our office to learn more information about umbrella insurance.
Griffith Insurance LLP provides coverage to the West Chester, PA community. We offer our clients multiple types of policies. We strive to ensure that our clients find the coverage they need to protect their most valuable assets. For over 20 years, we have served as a local independent insurance agency.
Basic Facts To Consider While Researching Umbrella Insurance
Umbrella insurance is a valuable asset because it allows you to have an extra protection layer when you need it most. Accidents can happen at any time. If you are held liable for a serious accident, your assets could be at risk. Your traditional liability coverage may not be enough to support you if you are involved in a liability dispute. Umbrella insurance can help you navigate the process and ensure that your most important assets will not be at risk of being taken from you during litigation. Here is a look at some basic umbrella insurance facts.
Umbrella Insurance Is Supplemental Coverage
Remember that umbrella insurance is supplemental coverage. It is not intended to be used as a stand-alone policy. If someone gets injured at your West Chester, PA residence, your traditional liability coverage will kick in initially. If things escalate, you can rely on umbrella insurance to help you protect your assets.
Umbrella Insurance Assists You In Non-Traditional Ways
Many people use umbrella insurance to protect themselves during a home or auto liability dispute. However, umbrella insurance can also protect you if you face allegations of slander or defamation of character. Umbrella insurance is a versatile form of coverage.
Griffith Insurance LLP Will Help You Protect What Matters Most
Visit our website to learn more information about umbrella insurance.
If you are a business owner in the greater West Chester, PA area, it’s time to talk to Griffith Insurance LLP about commercial umbrella insurance. Owning a business takes a lot of hard work and dedication, and an umbrella policy can help to protect your efforts, assets, and marketing. Don’t let a spurious lawsuit or catastrophe erase all of the hard work that you have put in over the years!
Three Benefits from an Umbrella Policy
Don’t let a significant catastrophe be the end of your business. With a comprehensive commercial umbrella policy, you can give your primary policy a boost and get the excess coverage your business needs.
- Fills any gaps that occur once your primary policy limits have been exceeded. Primary policies have strict protection limits, and once they have been reached, that policy won’t cover any excess damages.
- Protects your private assets from being affected. When your primary policy is maxed out, you can be held personally liable for damages, and your private assets may have to be accessed to cover gaps in your insurance coverage.
- It gives you the peace of mind you need to stay focused on your business, no matter what adverse circumstances may come your way. With a comprehensive umbrella policy, you can rest assured that you will have the protection your company needs. Your personal assets will be protected, and your business can continue to run as usual.
If your West Chester, PA area business doesn’t currently have a commercial umbrella policy, give the team at Griffith Insurance LLP a call today. We are here to answer your questions and provide information about the various umbrella policy options available to you. Make sure that your company has the protection it needs!