Umbrella Insurance is a type of liability insurance that provides additional coverage beyond the limits of other primary insurance policies, such as homeowners insurance, auto insurance, or renters insurance. It serves as an extra layer of protection against lawsuits, liability claims, and legal expenses that exceed the limits of primary insurance policies.
Here’s why umbrella insurance is important:
Overall, umbrella insurance is an important component of a comprehensive risk management strategy, providing valuable protection against unforeseen liabilities, lawsuits, and financial losses. It offers peace of mind, asset protection, and broad coverage for policyholders facing a wide range of personal liability risks in today’s complex and litigious society.
Don’t hesitate to contact Murphy Insurance at 800 222 8711 or submit an inquiry via our Contact Us form to learn about our Umbrella Insurance.
Regardless of your financial status, legal actions can incur substantial defense costs, potentially causing financial strain, irrespective of the lawsuit’s outcome. Being sued, even without liability, can lead to significant financial burdens.
Adequate homeowners insurance is essential for rebuilding your home, replacing belongings, living expenses during displacement, and safeguarding against liability. Use these guidelines to assess necessary coverage and amounts for your protection.
With the new year, lots of us make “new year resolutions”. A resolution is defined as “a firm decision to do or not to do something.” So, it maybe a new habit such as exercising more, changing eating habits, quitting smoking or changing a routine. Or, it could be checking something off your “bucket list” or taking care of a long put off task or project. Your New Year’s resolution should be making sure you are properly insured.