Understanding Umbrella Insurance And How It Can Serve You
Umbrella insurance is a type of coverage you can carry in addition to your home, auto, and other policies to ensure you are not left paying out of pocket for an unexpected, otherwise uncovered claim. Think of the umbrella as covering a wider area than your other policies, protecting you from the storms of life when your other policies fall short. Here are a few cases in which an umbrella policy could serve you.
- You Have Had Uncovered Claims: Look over your history of claims to determine where you have been left uncovered. If you find that you have had many instances when your existing policies did not extend to the areas you needed, adding a relatively affordable umbrella insurance policy to your existing coverage will save you from similar out-of-pocket expenses down the road.
- You Are Financially Tight: If your budget is already fully allocated and you do not have any extra money to put towards unforeseen expenses, an umbrella policy could serve you. With this type of coverage, you will know how much to budget for your premiums and in turn, will not have to worry about being hit with a large, unexpected bill. Think of it as paying a little each month to avoid paying a lot later.
- You Have Unique Risks: If where you live or the work you do puts you in the face of non-standard hazards, an umbrella insurance policy can provide you the protection you need.
If you have questions about an umbrella insurance policy and how it could safeguard you and your family, contact The Misner Agency. We operate in Bloomingburg, Livingston Manor, Westtown, and Woodbourne, New York. Our dedicated team is here to help you get under the umbrella.