When it comes to umbrella insurance, it is not well understood. It causes a lot of confusion, and if you are not quite sure exactly what it is and why you would want to have it, you are not alone. Many people believe umbrella insurance is only for the very wealthy, and nothing could be farther from the truth. At RH Worthington Group in Milford, PA, we are an independent agency, and we strive to provide our customers with great service and lots of choices. 

Umbrella insurance is liability insurance. It is excess coverage above, and beyond the coverage you already have on another insurance policy. Many common insurance policies offer liability protection, including home, auto, and commercial insurance. What this means is umbrella insurance is something that can benefit individuals as well as businesses. Other types of insurance such as renters, condo, and boat insurance also have liability coverage. 

Think of umbrella insurance as a real umbrella. When it starts to rain, it provides protection. If you represent your assets and your umbrella represents the umbrella policy, you can visualize the type of protection this policy provides. 

When someone sues you, no matter the reason for the action, you are always in danger of losing. Even if you don’t lose, the legal fees attached to the court case can be quite staggering. An umbrella policy adds an additional layer of liability protection that will affect when your primary policy has reached its maximum. A typical umbrella policy offers somewhere between one and five million dollars in additional security. Given the financial amounts judgments can rise to, this is the level of coverage you need to protect yourself from losing your hard-earned assets. 

Contact RH Worthington Group in Milford, PA for all your insurance needs.