Excess liability coverage or umbrella insurance is virtually among the most overlooked policies in Boca Raton, FL today. This is due to the fact that many people assume that the standard home, auto, boat, and other basic policies are enough coverage for their assets, while in fact, they’re not.
Umbrella insurance ‘kicks in’ when your basic policies are rendered inadequate to cover the financial costs. For instance, if you’re involved in an accident, and someone gets critically injured, you could be sued for the injuries, and the charges may go way beyond your standard auto insurance coverage.
Such critical situations may require you to dig deep into your pockets to pay what is not covered, but with umbrella insurance, you’re well protected. At Coastal Premier Insurance Group, we encourage asset owners especially individuals with valuable properties, businesses, and assets in Florida to purchase umbrella insurance, that will provide sufficient coverage all through.
Commercial insurance coverages
• Defense fees and any other legal charges
• Accidental slips and falls that lead to injuries in your property
• Libel or slander
• Personal injury protection
• Vehicle accidents involving your business vehicle, boat, or other insured vehicles.
• Property damage by elements such as earthquakes or fire
A noteworthy point to keep in mind here is that excess liability or umbrella insurance is not self-sustaining and can only be used where a standard policy like home insurance has been exhausted.
Umbrella insurance covers a wide range of financial emergencies that may command a high amount of money suddenly–which at that moment may not be available. Let Coastal Premier Insurance Group help you protect yourself and what matters to you most. To know more about umbrella insurance, speak to our insurance experts or visit us at Boca Raton, FL 33487 today.