Common Umbrella Insurance Myths Revealed

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.  

Basic Facts To Consider While Researching 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.

3 Ways Your Pennsylvania Business Can Benefit from an Umbrella Policy

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.

  1. 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.
  2. 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.
  3. 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!