Umbrella insurance isn’t for everyone. Not everyone needs it. A person who carries Umbrella Insurance usually falls within one or both of the following categories:
If you are reading this and find that one or both of the categories define you and your situation then you might want to consider looking into Umbrella Insurance if you don’t have it already.
So, if you are one of those wealthy individuals who owns a beautiful yacht, maybe a Porsche and a couple Mercedes Benz, and a multi-million dollar home than you are exposed to great risk. Although you may have a boat, auto and home policy, sometimes even the highest liability limits won’t be enough. In order to feel more protected and have that extra cushion, consider purchasing an umbrella policy.
Umbrella insurance extends the limits of your underlying liability coverage, and it can do it for a pretty small cost (usually somewhere around $250-$600 a year*).
If you are still not sure whether or not an umbrella policy would be a good fit for you, let me ask you the following questions:
- Do you have a beautiful swimming pool in your backyard?
- Are you a vehicle enthusiast?
- Is your boat your second home?
- Do you have a vacation home or two?
- Are you hosting weekly or monthly parties at your home?
If you answered yes to one or all of these questions than you have large income and assets that need to be protected. Give your local Farmers Agent, Jason Archer, a call today at 973.394.0212 or email him at email@example.com. Jason Archer will answer all your questions you have about Umbrella Insurance and will let you know if this product is right for you.
The Archer Group