Most Important Facts about Umbrella Coverage

Before taking out an umbrella insurance policy, know the facts about this type of coverage. Umbrella insurance is designed to increase your liability protection beyond what standard home or auto policies have to offer. Umbrella insurance also provides coverage that many primary policies do not.

The following facts about umbrella insurance will help you determine if it’s right for you:

Extensive Coverage

Umbrella insurance provides extensive home or auto liability coverage to protect you against costly liability claims that may arise due to an accident. If you’re found at fault for a serious auto accident where damages exceed your auto liability limits, your umbrella coverage will kick in to cover remaining costs. Without this coverage, you could be held liable for these expenses out-of-pocket.

Protection for Recreational Vehicles

You can obtain umbrella liability insurance protection for your recreational vehicles as well to include your boat, ATV and snowmobile. At The Budde Agency Inc. in Amityville, NY, we can customize an umbrella policy for you to ensure you get the protection you need.

Protection While Traveling

By getting world-wide coverage, umbrella insurance can protect you as you travel for business or pleasure. Umbrella liability insurance is just as effective abroad as it is in your home country.

Protection for Financial Assets and Earnings

Through umbrella coverage, you protect your financial assets and earnings from costly liability claims that extend beyond the limits of your primary insurance policies for accidents you cause. A costly claim could liquidate your savings, retirement account and even force you to pay out of future earnings to cover damages, putting you at risk of grave financial loss. If your lifestyle puts you at risk of accidents, you can benefit from umbrella coverage. 

To obtain umbrella insurance and benefit from all that it has to offer, contact The Budde Agency Inc. in Amityville, NY.