Home insurance, like all types of insurance, is unique in that it's one of the few things we buy but hope never to use. Our clients at HomeSale Insurance Services understand the need but question why they should add an umbrella insurance policy to their coverage. We want to explain that umbrella insurance is ultra-insurance, or perhaps insurance-on-steroids since it goes above and beyond the liability coverage provided by a homeowner's, commercial, or auto insurance policy.
People walking in the street can fall and sustain severe injuries on a snow-covered sidewalk in front of a home - something easy enough to imagine in Pennsylvania and Maryland. The injured person sues and submits a list of medical expenses the homeowner is responsible for paying, and perhaps, the amount of wages they lost due to the fall. There can be a problem with the owner if the total expenses exceed the liability portion of their homeowner's insurance and may have to go to extremes to raise the needed cash even though they have what is considered a sufficient amount of home insurance.
However, most people don’t believe they will be sued or found liable for judgment, but perhaps they should. People who do purchase umbrella insurance usually have no problem, and once the expenses exceed the amount of liability coverage provided in the home insurance, umbrella insurance kicks in and can pay up to the limit of the umbrella policy.
Now maybe you're thinking, as many of our Pennsylvania and Maryland clients do, that umbrella insurance is expensive, since it provides such large amounts of money. It’s a common misconception, and you'll be surprised to learn how little it costs. So, don't let that put you off. Give HomeSale Insurance Services a call and come in to discuss it with one of our agents and find out for yourself. After all, you want reliable protection for any situation.