The litigious society we thrive in today requires a formidable contingency plan because an exorbitant lawsuit could wipe out your financial assets, relegating you to bankruptcy. Have you ever imagined what could transpire if an unforeseen event strikes in Milford PA and you have exhausted the coverage confines of other present policies? Umbrella insurance is a supplementary policy that safeguards the underlying limit of your other insurance coverages like auto and home insurance, get depleted. Umbrella insurance can guard you against property damage, injuries, and certain exorbitant lawsuits. Connect with us at RH Worthington Group, serving the regions of Milford, PA and the surrounding community. Our charismatic agents will help you understand the various umbrella insurance options available and select the one that suits your needs and budget. Keep reading to ascertain why an umbrella is a worthwhile asset.

As a Milford, PA resident, it is a wise decision to procure salient umbrella insurance because it harbors versatile benefits, including:

Protection of assets

As much as we try to avert accidents, they are bound to transpire. If you propagate a massive auto accident involving chief property damage or triggering extensive injuries to third parties, your hard-earned assets may be in jeopardy. The cost of property damage and physical injuries to other people or prevailing lawsuits may supersede the limits of your auto insurance. Luckily, umbrella insurance from RH Worthington Group comes in and salvages these scenarios, safeguarding your assets and averting financial crisis.

Liability protection

Buying bodily liability and property damage coverage helps you settle for costs emanating from physical injuries and property damage you may propagate to third parties, and you are legally responsible. For example, if your pet inflicts bites on others or a guest slips and falls while visiting you, this coverage pays for them. Additionally, it safeguards you if you are engaged in a severe accident and pays for medical bills or liability claims.

Provides flexible coverage options

Unlike other policies, umbrella insurance permits you to scale down your needs depending on your primary insurance options. If your underlying policy doesn’t cater to instances like slander, libel, and false arrests, prolific umbrella insurance will take care of them. Therefore, it allows you to bundle extra liability coverage under one policy, not for the policyholder alone, but also for your family members. 

Your insurance should cushion you in all dimensions of your life without leaving any gaps that could expose you when an unexpected eventuality occurs. Please don’t hesitate to contact us at RH Worthington Group to get detailed information about umbrella insurance.

One of your top priorities should be protecting your family and assets. However, even with your existing policy, getting additional coverage for extra protection is good. That is what we call umbrella insurance. If you reside in Milford, PA, and are not sure about getting an umbrella policy, RH Worthington Group takes you through how umbrella insurance works.

How It Works

An Umbrella insurance policy protects you and your assets in two ways.

• Provides coverage when the limits of auto, homeowners, and boat insurance have been exhausted
• Provides coverage for specific claims excluded in other liability policies like slander, false arrest, and libel. 

What it Covers

Umbrella insurance protects what your other insurance policies do not cover. Generally, it provides liability coverage for property damage, injuries, some lawsuits, and personal liabilities. You probably think your homeowners and auto insurance has you covered in some of these scenarios. And while that is true, umbrella insurance goes beyond the limits. Examples of Umbrella policy coverage include;

• Bodily Injury Liability- Helps cover expenses arising from bodily harm to another person. For example, consider an instance where your guest’s child gets hurt in your yard, or your dog causes damage to your neighbor. All medical expenses and any liability claims arising from those injuries are covered under umbrella insurance.
• Property Damage Liability- Helps cover the cost of damage to another person’s property. For instance, it could damage someone’s home due to a car accident where you were at fault.
• Owner Rental Units- provides cover against any liability you might face when you are a landlord.

Umbrella insurance also provides coverage when sued for malicious prosecution, slander, libel, and mental anguish.

What Is Not Covered

There are certain situations not covered in an umbrella policy, including;

• Your own injuries and damage to your personal items
• Intentional criminal acts that cause damage to another person
• A Liability associated with a contract you entered.

It is good to understand how an umbrella policy gives that extra protection you need. Residents of Milford, PA, looking for more information on the umbrella policy can contact RH Worthington Group Insurance and get assistance.

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.

One of the most important things a Pennsylvania consumer can do to protect their assets is to purchase umbrella insurance. At RH Worthington Group, we offer umbrella insurance to consumers in Milford, PA.

 The following are three advantages you can enjoy by purchasing umbrella insurance coverage in Pennsylvania.

Anyone can get sued

It’s important to realize that anyone can face a lawsuit. This is especially true for those who own a vehicle or property.

You shouldn’t assume that you can’t be sued. For many consumers, a lawsuit comes as a surprise. 

If you have assets to protect, you may become a target for lawsuits. Having umbrella insurance coverage gives you peace of mind and provides you with protection if you ever have a lawsuit filed.

Umbrella insurance provides value.

The amount of financial protection that umbrella coverage provides is enormous. At the same time, premium costs are generally reasonable.

This means that umbrella insurance coverage provides you with a lot of value. You’ll get unlimited coverage for your liability risks without having to spend a lot of money every month on expensive premiums. 

Costs for a legal defense in a lawsuit can be high.

If if you win a lawsuit against you, the event will cost you a lot. That’s because legal representation can be costly.

Your umbrella insurance will cover the costs of legal representation if you get sued. This is one of the biggest benefits of having it. 

If you’d like to learn more about umbrella insurance, we can assist you at RH Worthington Group. Get in touch with us to explore your umbrella insurance options in Milford, PA.