February 11, 2022
We never know what’s going to happen in this world, but one way we cope with this uncertainty is with insurance. Insurance offers us peace of mind, knowing that should something ever happen to us, our loved ones will still be taken care of. At American Heritage, we’ve been helping people out with their insurance plans, and wanted to take some time today to talk about umbrella policies.
What Exactly is an Umbrella Policy?
An umbrella policy protects your personal assets against the cost of losing a lawsuit. Umbrella policies pick up where auto and homeowners’ policies leave off. You can protect yourself and your assets against any lawsuits with an umbrella policy.
What Does an Umbrella Policy Cover?
Umbrella policies provide you with extra coverage. Whatever your auto or homeowner’s insurance doesn’t cover, the umbrella policy will. Most policies provide roughly between $1 million and $5 million. It’s possible to get larger umbrella policies. Discuss all of your options with an experienced insurance company.
Protect Your Dependent Children
An umbrella policy protects not just you, but also any dependent children you may have. For example, if one of your children gets into an accident with a vehicle or boat, your umbrella policy may cover the damage they cause. You never want to see anything bad happen to your kids, but you need to be prepared for even the worst of circumstances.
Consult With an Experienced Insurance Company in Maryland
Interested in learning more about umbrella policies? At American Heritage, we’ve been providing Marylanders with our insurance services for years, and would love to help you. Get into contact with a member of our team today to learn about how you can benefit from working with us. We’d love to answer any questions you may have.