The Facts About Umbrella Insurance

Insurance is all about risk management and protection. To make good insurance choices, you need an idea of what risks might affect you. The problem is, though, there are many risks you might not even consider, and in some cases, your regular insurance policy may not be enough. At P.A. Insurance Brokers LLC, we want to help the citizens of Pennsylvania make intelligent insurance choices.

What Is Umbrella Insurance?

Umbrella insurance is a special type of insurance policy designed to provide you with financial protection if one of your other insurance policies is exhausted through a claim event. This happens if the expenses generated through the claim event exceed the policy's coverage amount. If this happens, you can pay the difference out of your pocket. This can be financially difficult and, in some cases, might even cause undue financial hardship for you and your family.

If you have umbrella insurance in place, the policy can kick in and help pay for the remaining expenses.

Who Needs Umbrella Insurance?

Umbrella insurance can benefit anyone, but it is highly recommended for people with many assets they want to protect. Particularly if you have assets and engage in business or hobbies that put you at a lot of risk. If you aren't sure if you'd benefit from umbrella insurance, you should sit down with an insurance professional to discuss your risk factors and current coverage policies.

If you would like to learn more about umbrella insurance or any of our other products, please contact us at P.A. Insurance Brokers LLC, serving Pennsylvania. We will happily answer your questions and find the right policy for you.