Umbrella Insurance

An umbrella insurance policy allows you to extend your primary insurance liability to protect you from extravagant risks. It attaches to a normal policy, such as auto, home, or commercial insurance, and allows you to have coverage that goes beyond what is outlined in these policies.

A standard policy will only outline a certain amount of coverage such as $100,000. If you get into an accident that has damages beyond this amount, you will be on the hook for paying it. This comes in handy if you are in a high-risk profession or if you have a lot of assets. It can also help with litigation in court cases filed against you.

A lot of people assume this is insurance for people with a lot of money, but they could not be more wrong. Sometimes, supplementing your current policies with umbrella insurance is cheaper than beefing up your existing policy. It is important to work with an agent to determine your needs and if this policy is appropriate for you. This could mean the difference between massive medical bills and bankruptcy.

Contact L M Insurance & Financial Services LLC

When looking for a reliable insurance policy, it is important to find a trusted insurance agency. The Bronx, NY team of agents from L M Insurance & Financial LLC is ready to work with you. Reach out to our office to have your questions answered and learn more about your options. Our team can help walk you the process and get you a quote.

Please note that insurance carriers and coverage limits vary by state.