Why Umbrella Insurance Coverage Matters

Personal and Business Umbrella Insurance Coverage

Whether you own a business or have a family, umbrella insurance is important.     

As a responsible adult, you’ve secured insurance coverage for your most important assets. You have probably read through those policies and noted that there are policy limits, though. What happens when you hit them?

When you hit your cap on your existing insurance coverage, personal or business umbrella insurance can step in. Here’s a look at why it matters.

  • For Yourself: What if you cause a four-car pile-up? Your existing auto insurance would likely not be able to cover all of that expense. Fortunately, if you have umbrella insurance you’ll have at least $1 million of coverage, guaranteeing you don’t have to pay out of pocket for those medical bills.
  • For Your Business: What happens if your business is sued for $2 million, but your general liability insurance only covers $1 million? Would your business be able to support the rest of the settlement? With umbrella insurance for your business, you never have to answer that question!

Do you want to learn more about how personal and business umbrella insurance coverage can protect you? Contact Perry & Carroll in Elmira, New York today! Our expert team is here to set you up with the right policy’s to offer you comprehensive protection.