Maryland Umbrella Insurance
Has your mass market heavily advertised insurance carriers explained how important a Umbrella Liability Policy is?
You don’t have to be a millionaire to get taken to court and sued like one. Umbrella Insurance is an absolutely crucial part of any solid insurance protection package, whether you are an individual or business owner. Why hasn’t your insurance agent gotten you an umbrella insurance quote?
HOW DOES UMBRELLA INSURANCE WORK?
- There are two main functions of an Umbrella Policy:
Fill in gaps, and provide coverage where underlying policies might exclude, or limit such coverage - Act as a “reserve” or “excess” policy, that will step in, in the event your underlying auto insurance and home insurance policies are exhausted
WHO NEEDS AN UMBRELLA POLICY?
The simple answer is that everyone should have an umbrella policy. Why?
WHO NEEDS AN UMBRELLA POLICY?
The simple answer is that everyone should have an umbrella policy. Why?
The entire purpose of insurance is to transfer as much risk away from you to the insurance company. An Umbrella Policy is a great way to do that, and what’s more, Umbrella Policies are very affordable, which makes it an even easier decision to buy on.
For a couple hundred dollars per year, you can purchase an umbrella policy that provides you with an additional $1,000,000+ liability limit. If you do that math, that’s literally pennies on the dollar.
UNIQUE SITUATIONS THAT REQUIRE AND UMBRELLA POLICY
Here are a few risky situations, where purchasing an Umbrella Policy is an absolute must:
- Your assets are greater than you liability insurance limits
- You are financially responsible for children
- You frequently have guests at your property
- Your residence includes a swimming pool
- You own watercraft(s) or off road vehicle(s)
- You own rental or vacation properties
- You participate in volunteer activities
- You own/ lease commercial property
These are just a few examples, and at the end of the day, Umbrella Policies are so inexpensive, even people without these types of exposures should strongly consider purchasing one.
It only takes one tragic accident to be sued for everything you own, and there’s no better way to protect yourself from this type of situation, than with Umbrella Insurance.
UMBRELLA INSURANCE: MASSIVE PROTECTION FOR PENNIES A DAY
Because it is designed for those really rare rainy days, umbrella insurance is cheap.
Be a smart consumer…but don’t try to be your “own agent.” Get a umbrella insurance quote with us by filling out the form.
At Crawford Yingling Insurance we have provided umbrella protection for people in Maryland since 1919. We know how to protect your assets. Now you will too!
