Umbrella Insurance – Consider This

Umbrella

You’ve heard the term Umbrella policy before, but figured you already had insurance for your belongings. So why do you need this coverage? Consider this- you’re in an auto accident and the other driver sues you. The other driver wins the lawsuit against you and you’re now required to pay them $1 million, but your auto insurance only covers a portion of that. Now you’re on the hook for the remaining amount. Without an umbrella policy in place, this sum is an out of pocket expense not covered by your primary homeowner or automobile policies.

With an umbrella policy, this scenario plays out differently. You have an additional coverage that goes above and beyond what your auto insurance pays out. Instead of dipping into your personal finances to pay the other driver, you pull from your umbrella policy and avert the potential for financial struggles!

In a nutshell, an umbrella insurance policy offers you and your family additional liability protection over the basic coverage provided by your automobile, homeowners or boat policy. $1 million, $2 million, $3 million or $5 million ($3 and $5 million option not available in all states) limits are available.

If you would like more information on our products, or to add this coverage, please contact your existing Quincy Mutual agent or use our agent locator.

Personal Umbrella Insurance: Extra Liability Protection & Peace Of Mind

If you were to find yourself on the receiving end of a million-dollar lawsuit, how prepared would you feel? While no one expects something like this, it unfortunately does happen and can be financially devastating if you’re not prepared. Here at Quincy Mutual Group, our job is to anticipate the unexpected to ensure that you’re prepared if and when something bad does happen. Luckily, having an umbrella insurance policy can provide you with extra liability insurance coverage and peace of mind. Continue reading “Personal Umbrella Insurance: Extra Liability Protection & Peace Of Mind”