Do you own your own home? Do you own a car? Do you own a boat? Then umbrella insurance is probably right for you.
Are you a small business owner? Are you on a Board of a non-profit? Then Umbrella insurance is a must for you.
Umbrella insurance is additional liability insurance that provides you financial protection in the event your other policies cannot cover the loss. Umbrella covers non-business activities anywhere in the world.
Umbrella insurance provides you comfort that your assets are protected. In this litigious society, an umbrella policy is coverage no one should go without.
A personal liability umbrella insurance policy can give you added liability protection without a large added cost. Please contact our licensed professionals to determine how much umbrella insurance is right for you.
Since your New Jersey umbrella insurance policy provides “excess liability” coverage, there is a lower risk to insurers that it will have to be applied. Since the risk is low, the cost for additional umbrella insurance can be much less than what you pay for the main liability coverage you have on your existing policies.
Generally, an umbrella policy averages around $150 to $300 annually so it is fairly affordable. Of course, just like any insurance policy, there are a variety of factors that influence your pricing, including the amount of coverage you choose for your umbrella policy. These policies are sold in increments of $1 million.
You need an umbrella policy if you cannot afford to risk your existing assets such as your income, retirement savings, college funds, salary and other assets which might have to be used to pay a liability award above the existing liability limits on your current insurance policies.
Call us to obtain an umbrella quote and begin to protect yourself today.