If you’re a high-net-worth individual in Milford, PA, or indeed anywhere in Pennsylvania, and have assets that can be converted to cash in the amount of $1 million or more, there is a high probability that you need umbrella insurance.

Umbrella insurance enhances the liability coverage on your homes, investment properties, cars, and pleasure vessels, providing protection against high-risk litigation and lawsuits that can leave you liable for judgments far surpassing ordinary coverage. For reasonably priced premiums, umbrella insurance can help safeguard your investment portfolio, college funds, retirement accounts, and savings even if a court finds you liable for a personal injury claim.

One of the questions our high-net-worth customers frequently ask us at the RH Worthington Group is about liability on properties outside the state and for accidents that occur outside the state. So, does your umbrella insurance cover you out-of-state?

You will need your agent at the RH Worthington Group to review your policy, but it’s important to know that many umbrella policies provide worldwide protection.

Even if your regular policy doesn’t cover international incidents, for example, a rental car scampering in France or a yacht crash in Tahiti, your umbrella policy typically will, up to the high stated limits of the policy.

This coverage can be enormously helpful in navigating awkward situations when you or your covered family members travel within the rest of the United States or abroad.

And if you own investment properties in Milford, PA, and other locations in Pennsylvania or anywhere in the United States, your agent at the RH Worthington Group can write a policy that protects you against judgments for tenant and visitor claims at all your investment properties.

Ensure you have the coverage you need. Call RH Worthington Group today to start or review your umbrella policy.