Your belongings and assets have coverage, but are they protected?

Protecting your family and assets is a top priority – which is why people have insurance. As for an umbrella policy, this provides coverage where your existing home, auto, and renters insurance policies end. An umbrella policy extends the limits of your primary policies, helping to render the appropriate protection for your assets and finances.

Many homeowners and motorists tend to purchase a basic insurance policy, pay it monthly, and renew it each year. While home and auto insurance policies offer protection, there’s always a possibility that an unfortunate incident could end up costing hundreds of thousands of dollars in legal fees or property damage. This is where umbrella insurance steps in.

For the basics of this coverage and how it works, read on!

What is umbrella insurance?
Umbrella insurance is a secondary coverage that protects more than one property or asset with an extra layer of liability protection. It kicks in when your existing policy (eg. home, auto, watercraft) has reached the policy limits.

When would I need umbrella insurance?
Imagine that your dog bit your neighbor or you got into a car accident with multiple cars and passengers. While these are all circumstances that we try to avoid, there’s a good chance that your current liability limits wouldn’t be adequate to protect your assets – or future earnings!

How much coverage should I have?
As with any insurance policy, your suitable coverage will depend on your needs and budget. Talk to an advisor in the industry today for options that best suit you.

Are you ready to receive the right umbrella to shelter you from a down pour? Contact Tompkins Insurance Agencies to secure coverage for you, your needs, and your budget.