Although you may have comprehensive policies for every aspect of your life, is it ever enough? An umbrella policy may be what you need to have more protection. At Modern Benefits, LLC, our agents can talk to you about the benefits of this coverage.
Why Umbrella Insurance Should Be Obtained
Although umbrella insurance isn’t required, it can be advantageous to have. It offers protection against all your existing policies. For example, it will cover all of your residential policies including:
By having this kind of policy, it protects you if you exceed the maximum level of coverage of any existing policy. Should you get into an auto accident where you cause $50,000 worth of property damage and you only have $25,000 worth of coverage on your policy, the other $25,000 could be provided with your umbrella policy. It offers added financial protection to ensure that you don’t go bankrupt over a single accident.
How to Choose the Right Amount of Coverage
As you shop for umbrella insurance, there is a lot to think about. You already have coverage levels you are comfortable with on your existing insurance. How much more do you really need?
Our independent insurance agents can look at the various worst-case scenarios. They can identify risk based on where you live and how you live your life. Then, they can look at what kind of coverage you have in place on all your other insurance policies. From there, recommendations can be made. It allows you to build a policy that is customized to meet your needs and reduce your level of risk dramatically.
Call us at Modern Benefits, LLC today to find out more about umbrella insurance. We’re here to make it safer for you to enjoy your life with a policy that you can count on.
Our insurance agency is licensed in multiple states, including NJ, PA, DE, and MD. We want to help you with all of your insurance needs, no matter where you live.