{"id":94,"date":"2023-04-30T04:00:00","date_gmt":"2023-04-30T10:00:00","guid":{"rendered":"https:\/\/www.carminucciagency.com\/blog\/?p=94"},"modified":"2023-04-30T14:40:39","modified_gmt":"2023-04-30T20:40:39","slug":"what-is-umbrella-insurance-five-facts-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.carminucciagency.com\/blog\/what-is-umbrella-insurance-five-facts-you-need-to-know\/","title":{"rendered":"What Is Umbrella Insurance? Five Facts You Need to Know"},"content":{"rendered":"

If you’ve never heard of umbrella insurance, you’re not alone. While you might be familiar with car or life insurance, umbrella insurance covers a broader concept of asset protection. If you live in Croton Falls, NY, and think you might need umbrella insurance, contact us at the Carminucci Agency<\/u><\/a>. In the meantime, read on to learn five things you should know about umbrella insurance before seeking out a policy.<\/p>\n

Umbrella Insurance Is Designed For Extra Coverage<\/strong><\/h2>\n

Umbrella insurance is a policy that provides extra liability coverage beyond the limits of your existing policies. In other words, it provides coverage for liability claims exceeding your current policies’ limitations, such as homeowners, auto, and boat insurance. This means that umbrella insurance can apply to various assets and insurance-related services.<\/p>\n

Umbrella Insurance Covers a Lot of Different Claims<\/strong><\/h2>\n

Umbrella insurance can cover various liability claims, such as bodily injury, property damage, and personal injury. It can also cover claims related to defamation, libel, slander, and invasion of privacy. This makes umbrella insurance some of the most comprehensive and far-reaching protection you can buy.<\/p>\n

Umbrella Insurance Is Not Very Expensive<\/strong><\/h2>\n

Umbrella insurance often has affordable premiums in New York, especially when compared to the potential costs of a lawsuit. The cost of umbrella insurance depends on factors such as your assets, the amount of coverage you need, and your risk profile.<\/p>\n

Umbrella Insurance Comes With Higher Coverage Limits<\/strong><\/h2>\n

Umbrella insurance can provide high coverage limits, ranging anywhere from $1 million to $10 million (or more). Knowing that you’re protected against high-value claims that could potentially wipe out your savings and assets can provide peace of mind.<\/p>\n

Umbrella Insurance Requires an Underlying Policy<\/strong><\/h2>\n

Unfortunately, you can’t just go out and buy an umbrella policy on its own. To purchase umbrella insurance, you must have underlying insurance policies such as auto, home, or boat insurance. Umbrella insurance is designed to supplement these policies and provide coverage beyond their limits.<\/p>\n

Again, if you live in or near Croton Falls, NY, and are currently in the market for umbrella insurance, feel free to contact us at the Carminucci Agency<\/u><\/a> today!<\/p>\n","protected":false},"excerpt":{"rendered":"

If you’ve never heard of umbrella insurance, you’re not alone. While you might be familiar with car or life insurance, umbrella insurance covers a broader concept of asset protection. If you live in Croton Falls, NY, and think you might need umbrella insurance, contact us at the Carminucci Agency. In the meantime, read on to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[14,13],"class_list":["post-94","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-carminucci-agency","tag-croton-falls-ny"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t