Personal Liability Insurance: What Happens When Someone Gets Hurt on Your Property

At Vargas & Vargas Insurance in Dorchester, MA, we help our clients get the right amount of coverage to protect all of their assets and more. Sometimes, you may need more coverage than what a standard commercial, auto, or homeowner’s insurance policy provides. In those cases, umbrella insurance can be a game changer that ensures that your home, car, or business has the appropriate level of protection.

Like an umbrella, umbrella insurance provides extra protection when standard insurance policies aren’t enough. In the same way, you’ll use an umbrella when your rain boots and raincoat don’t keep you dry enough; you can leverage umbrella insurance when liability or other expenses extend beyond your standard policy. When you have a primary insurance policy that pairs with umbrella insurance, you can rest assured that you will be able to handle any financial emergency that comes your way.

You can get umbrella insurance if you have a primary insurance policy that pairs with it and meets the minimum requirements for having it. When you possess a net worth exceeding $500,000, umbrella insurance is important to hold to avoid financial downfall in a qualifying event. Since standard insurance policies for your home and car usually don’t provide more than $500,000 as a limit, you won’t want to find yourself in a pickle if you fail to get umbrella insurance. Since no insurance policy offers retroactive coverage, it’s better to get umbrella insurance if you meet the requirements than hold off until you feel like getting it.

For more information on how umbrella insurance can help, call us at Vargas & Vargas Insurance in Dorchester, MA!