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.