Umbrella Insurance North Merrick, NY 11566
Umbrella Insurance North Merrick, NY 11566
The world of business insurance is changing. Newer models such as umbrella insurance are providing more comprehensive coverage at a lower price point. Umbrella policies are often sold in increments of $1 million with the most common amount being $2 million. This type of insurance can also provide coverage for lawsuits, property damage, and even damage to your business’s name. Early on in your business, these types of risks would have been too expensive to insure but with the changes in the market, they are now affordable for many new businesses especially those with a history of losses or substantial debt. Umbrella insurance is also referred to as excess liability coverage. You can get it for personal or commercial use. Umbrella insurance helps protect you when the costs exceed what you would be covered for under your other policies. It can help cover legal expenses, lawsuits, and settlements that go beyond the limits of your other policies.
Umbrella insurance is worth it if the value of your assets exceeds your auto or home liability insurance limit
What is covered under an umbrella policy?
Umbrella insurance is a type of personal liability insurance that covers claims in excess of regular homeowners, auto, or watercraft policy coverage. Umbrella insurance coverage covers injury to others or damage to their possessions; it doesn't protect the policyholder's property.
Quoting online with Smart Services Junction Inc. is quick & easy to answer a few simple questions, give us some information about your driving history & we will give you an accurate quote to consider.
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