The skies the limit when it comes to liability claims. If you should injure another party in an accident, you may find the $250,000 limit on your automobile policy won’t be nearly enough to protect your assets. This is where an umbrella policy comes into play. If you purchased a $1,000,000 policy you would have the comfort of mind that you are protected up to that $1,000,000 limit. The first $250,000 would be covered by your automobile policy and the final $750,000 would be covered by the Umbrella Policy.
Most insurance companies require a minimum level of liability coverage on your home and automobile policies before purchasing an Umbrella policy. Once that minimum is reached, a $1 Million Umbrella policy can be as cheap as $250 per year, while an increase to a $2 Million Umbrella policy may only cost an additional $100 above that. Even more coverage is available if you find it prudent. You may also be eligible for a discount on your automobile and/or home insurance policies with the purchase of Umbrella insurance.
Zawada Insurance Agency, Inc. is a family-owned and operated independent insurance agency, located in Worcester, Massachusetts. We have been serving the auto, home, business and life insurance needs of Central Massachusetts and beyond since 1989. Contact Us today to learn how we can help you.