Umbrella Insurance in New York

An umbrella policy is extra liability coverage which is good for people with many assets, or who are nearing retirement. The coverage kicks in when your normal liability coverage reaches its limits. This can happen with a major catastrophic accident, or if you are sued because of something that happened. The Acme Insurance Brokerage of Amityville, NY can help you make sure you have the coverage you need with an umbrella policy. Many people in New York have assets that need protecting, and unfortunately, there are also people looking for an opportunity to sue people.

You might have $500,000 in liability coverage on your automobile, for instance, but you could get into an accident that causes even more damage than that amount. If your accident caused $700,000 in damages, you would be on the hook for $200,000. An umbrella policy would also cover you if you were in a lawsuit and the person suing you won a major judgment. There are cases where people are awarded millions of dollars when a lawsuit happens.

This can be important for people nearing retirement. An accident with major damage could cost you your entire retirement savings. It is also good for business owners who could lose their business if they lost a major lawsuit.

An umbrella policy also covers things like libel, or basically any kind of lawsuit you might find yourself involved with.

Call or visit the Acme Insurance Brokerage in Amityville, NY today to make sure your assets are protected. We can answer all your questions about getting umbrella coverage in the state of New York. We can help you find the best policy for your situation. Umbrella policies are not expensive, and hopefully, you will never need to use it. But it does offer great peace of mind knowing you would be protected if something major were to happen and you were found to be a fault.