Category: Umbrella Insurance

Umbrella policies offer liability coverage over and above the limits of individual homeowners, auto, boat, watercraft, personal aircraft, and other policies. Also known as a personal umbrella policy (PUP) or excess liability protection, your umbrella policy covers claims for property damage, personal injuries, actions for libel, slander, and false arrest injuries caused by your pets, and other liability situations. Your umbrella policy can cover you and other members of your family.

At the MTC Insurance Agency Group, serving the University Place, WA area, we see five kinds of clients who usually benefit from personal umbrella protection. People who benefit from umbrella insurance protection include:

Anyone Whose Net Worth Exceeds Their Liability Protection

Standard liability riders on homeowner and auto policies generally are limited to $500,000.

If you are at fault in one of the kinds of claims mentioned above, and you have assets of more than $500,000, some personal injury lawyer will try to get them. Umbrella insurance protects your financial assets from the vast verdicts resulting from personal injury actions.

Anyone Who Entertains Guests at Their Home

Dogs and exotic pets sometimes injure guests. Accidents happen in swimming pools, and slips and falls can occur on your beautiful floors.

Umbrella coverage expands your personal inability protection to as much as $5 million—more than any litigant is likely to get in a court action against a homeowner. You can pay your judgments without tremendous losses to your savings.

Anyone Who Has a Public Profile

Do you make statements to the press or television stations? Do you write letters to the editor or maintain a YouTube channel? Umbrella insurance can pay libel judgments, which can happen even if you are careful about your public statements.

Anyone Who Travels Internationally

You can be sued when you go abroad, too. Umbrella insurance can get you out of trouble in foreign courts.

Almost anyone who has money needs a personal umbrella policy. Call the MTC Insurance Agency Group, serving University Place, WA, and the surrounding area, to arrange a time to speak with your agent about umbrella protection.

Being sued can ruin a person’s finances. Learn how an umbrella policy can protect you. Then, purchase an umbrella insurance product that is suited to your needs.

Umbrella Policy Protection

An umbrella insurance policy can be purchased by a homeowner or a business owner. The level of protection that this type of policy provides can be customized. An agent will assess your personal situation and advise you on how much coverage you will need.

The purpose of an umbrella insurance policy is to cover costs that a standard liability insurance policy does not cover. This type of coverage can be lifesaving, especially if a client has limited funds and cannot afford to be presented with a legal battle that will cost a lot of money.

Consultation

MTC Insurance Agency Group in University Place, WA will show you various umbrella products that may be of interest to you. We will outline the manner in which each policy could benefit you.

You will also learn about what to do in case you need to file an insurance claim. Your consultation will provide you with the basic information that you need to help you choose the amount of coverage that you would like your new umbrella insurance policy to provide you with.

Call Today To Discuss Your Options

Now that you have reviewed some information about umbrella insurance policies, feel free to reach out to one of our agents. Contact us at MTC Insurance Agency Group serving the greater University Place, WA community.

Maximizing your coverage and ensuring comprehensive protection are essential goals for any insurance plan. One effective way to achieve this is by combining umbrella insurance with your other policies, such as homeowners, auto, and renters insurance. This approach offers increased protection, potential savings, and simplified management, making it an attractive option for those looking to enhance their insurance portfolio in University Place, WA.

Why Combine Umbrella Insurance with Other Policies?

Umbrella insurance is a type of liability coverage that extends beyond the limits of your primary policies, such as homeowners, auto, and renters insurance. By combining umbrella insurance with your existing policies, you can benefit from:

Increased Protection:

Umbrella insurance offers an additional layer of protection, ensuring you’re covered in case of a significant liability claim or lawsuit that exceeds your primary policy limits.

Potential Savings:

Combining policies under a single insurer may result in discounts and better rates, saving you money in the long run.

Simplified Management:

Having all your policies with one insurance provider makes it easier to manage your coverage and communicate with your agent.

Tips for Combining Umbrella Insurance and Other Policies

Review Your Current Coverage:

Assess your existing policies to identify any gaps or overlaps in coverage. This will help you determine if umbrella insurance is a suitable addition to your insurance portfolio.

Choose a Reputable Insurer:

Work with a trusted provider like MTC Insurance Agency Group to ensure you receive quality coverage and excellent customer service.

Discuss Your Needs with Your Agent:

Communicate your goals and concerns with your insurance agent to help them tailor a coverage solution that meets your unique needs.

We Are Here To Help!

Combining umbrella insurance with your other policies can offer increased protection and potential savings. At MTC Insurance Agency Group in University Place, WA, we’re dedicated to providing customized coverage solutions that work for you. Contact us today to discuss your insurance needs and explore how umbrella insurance can help maximize your coverage.