Umbrella insurance is not a requirement by law for people residing or doing business in Maine, New Hampshire, and Vermont, yet it is an investment many choose to make for the protection it can offer.
Depending on your lifestyle, you may need more financial surety than your standard policy coverage can provide. Umbrella insurance is meant to work alongside an existing policy and will typically have significantly higher caps.
After experiencing a covered peril, your primary indemnification will need to be completely exhausted before your umbrella insurance is applied.
It is helpful to sit down with a qualified Gateway Property & Casualty representative to review your current limits and ascertain where additional coverage could be beneficial. Umbrella insurance types can include all varieties of commercial insurance, and it also extends to automobile indemnification and homeowners.
Umbrella insurance also benefits from including subcategories of protection in a more broadly written primary policy. For example, if you have costly valuables in your home that would be difficult to replace, you may want to consider umbrella insurance. Auto accidents often exceed policy limits and are an excellent area to purchase extra insurance.
Business owners may benefit from the sheer array of protections to safeguard their companies in case of lawsuits or injuries from their products. Advertising errors are a hazard entrepreneurs may face, which can come in the form of typographical mistakes or unintentionally misleading statements.
Let Gateway Property & Casualty meet your umbrella insurance needs. We offer individualized advice based on your specific scenario and can tailor our insurance products and services to meet your criteria.
Stop by our office to discuss this more, and you can also visit our website to use our free rating tool to obtain a quote on homeowners or automobile insurance. We provide insurance solutions for Maine, New Hampshire, and Vermont residents.
