Is Umbella Insurance Right for You?

If you are in the market to make sure that everything in your life is protected by insurance, then you have likely run across something called umbrella insurance. It is not a type of insurance that is right for everyone but you should determine if it is something you need in Selden, NY before writing it off. To determine if you need umbrella insurance, answer these questions from XL Brokerage Inc. 

  • Does your home or auto insurance offer enough coverage? Essentially, an umbrella insurance policy is meant to take over where other types of insurance coverage drops off. If you have an expensive car, home, or both and you have maxed out your other insurance policies but it is still not enough, then an umbrella insurance policy may be the perfect solution.
  • Are you fairly known in an area or work in a business where you talk about people that are? Another thing that an umbrella insurance policy can do is protect you from libel or slander lawsuits. If you think you may fall victim to this or you work in an industry where there is the potential of someone accusing you of this, then an umbrella insurance policy can protect you.
  • Are you a landlord? An umbrella insurance policy is an extra layer of protection from your tenants. It goes beyond a home insurance policy to better protect you if someone were to get injured while on your property even if you are not there. 

Now that you have answered these questions honestly, you should be able to determine if an umbrella insurance policy is a right option for you. For more information and to get a free quote for an umbrella insurance policy, be sure to contact XL Brokerage Inc. serving Selden, NY today.