It doesn't matter how many precautions you take, a typical day in Pennsylvania can take a tragic turn in seconds. You could find yourself liable for someone else's severe injuries, property damage, or even death.
Even if you can prove your innocence, the money spent defending yourself can take a financial toll. You can significantly reduce this type of headache by getting an umbrella insurance policy through the Ninerell Insurance Agency Inc. in Morrisville, PA.
Umbrella insurance has been around since the 1940s. It became more popular as the nation grew in financial strength. Consequently, consumers in Pennsylvania started desiring expensive commercial and personal assets. They need a way to protect these assets, and that's where umbrella insurance came in. Nowadays, it's one of the more common insurance types on the market.
Umbrella insurance is like the frosting on the cake. It provides the policyholder with protection that goes above and beyond regular insurance. It covers direct losses from damages or injuries after you reach your liability insurance limits. Umbrella insurance also covers losses that occur because of libel, slander, and invasion of privacy.
Umbrella insurance offers broad protection coverage. But, there are some things it doesn't cover. These include:
One mistake can cause a lawsuit that brings about financial ruin. An umbrella insurance policy kicks in when your liability policy reaches its limits. This ensures you won't have to deal with significant amounts of debt.
With any insurance policy, it's essential to read the coverages and exclusions. This is the best way to determine if you need coverage. Our agents are Ninerell Insurance Agency Inc. in Morrisville, PA will help you compare coverages and costs. We'll also help you complete a risk assessment. These are a few ways we can help you make an informed decision about your insurance policy. Contact us today to find out more.
