Umbrella insurance in Waldorf and Prince Frederick, MD helps fill in the gaps left by your auto, home, or other insurance policies and gives you an extra layer of protection. These policies will usually exceed the limits of your regular insurance policy and can give you protection against a wide variety of risks.
Whether or not you should purchase umbrella insurance is a personal decision based on your own risk factors. These factors can include your volunteer activities, lifestyle, and general comfort levels with the risks in your everyday life. If you aren’t sure if umbrella insurance is right for you, an agent at Carrie Polk Insurance Inc. can help you decide if it’s right. No matter how small or large your assets, you want to make sure you are protected. Sitting down with an expert can give you the chance to get your questions answered. Even if you choose not to get an umbrella policy, the research process alone can make you aware of potential risks you may not have thought about, and you can take steps to help mitigate those risks.
Your umbrella insurance policy kicks in when the limits of your primary policy, whether auto or home, are exhausted or subject to an exclusion. Even though you try to avoid an accident, accidents can happen. Costs of property damage, legal expenses, or injuries to others can quickly add up and exceed the limits of those policies. To understand what umbrella insurance covers, it helps to have an example. For instance, if you have a party and your guest falls and has a head injury, you will be on the hook for those injuries. Once your home insurance policy liability limits are exhausted, your umbrella insurance will kick in to cover your medical and legal bills.
Contact Carrie Polk Insurance Inc. in Waldorf or Prince Frederick, MD to get a quote on umbrella insurance.