While most people know about the value of their Massachusetts homeowners insurance and Massachusetts automobile insurance, personal umbrella insurance policies are also too important not to have.
• Umbrella insurance policies provide added liability protection for claims that extend beyond the limits of your regular insurance policies.
o Policy coverage varies. Contact your local insurance agent to review your current protection and see how an umbrella insurance policy can benefit you.
• Liability issues and lawsuits are everywhere today, and the judgments can be huge. If someone is injured in your home or on your property, you may have extensive damages to pay out of your own pocket if you don’t have umbrella insurance.
o This is because regular homeowners insurance policies are unable to cover all of the costs associated with lawsuits.
• Umbrella policies also provide additional protection for common occurrences that could happen to you, such as accidents involving autos, boats and recreational vehicles.
o Fill out this form for a free umbrella insurance quote.
• They are inexpensive to purchase and are priceless to have.
o At the cost of about $1 a day, personal umbrella policies kick in where your other coverage stops. Having this insurance means never worrying about not having enough coverage again.
There is a common misconception that only the wealthy need umbrella insurance, but that is not the case. Everyone can benefit from the added protection. In addition, an umbrella policy can “fill the gaps” by providing coverage for other incidents like liability for rental properties or being sued for slander or libel. To further understand the necessity for umbrella insurance, read The New York Times’ article, Umbrella Coverage for Preventing Your Ruin.
Vargas & Vargas Insurance has been protecting Massachusetts’ families and businesses for years and is dedicated to making sure you have the right coverage you deserve. Friendly, knowledgeable agents are happy to answer any of your insurance policy questions and concerns. Call and speak to one today at 877-550-0025.
