Umbrella Coverage Information
Tango Insurance finds the right Umbrella Insurance for our clients
Proudly serving Commack, Rockaway and all of Long Island.
Did you know?
In order to help control your premium costs, insurance policies have limits. In addition, these limits help insurers ensure they're able to fulfill their financial responsibility as well as meet the claims needs of their policyholders.
However, financial loss exposure arise when limits are set. Why? Unfortunately, any claims exceeding the amount of a policy’s limit must be either paid for out of pocket, or be unrecovered.
An umbrella policy can fill the gap existing between your limits and your potential claims.
Umbrella policies inexpensively extend the coverage limits of many types of liability insurance policies such as home and auto. Umbrella insurance can provide $1 million or more in additional coverage to each liability policies you have.
For example, when an auto insurance policy has a $250,000 limit and you injure another person in an accident, the medical expenses and lawsuit could cost much more than that. Having the added protection of an umbrella policy gives you another $1 million or more to put toward those costs. As a result, your savings are kept intact while satisfying the financial obligations you have.
Other protection Umbrella Insurance provides
Umbrella insurance can also provide protection for situations that would be excluded by other policies, such as accusations of slander or libel. Umbrella insurance isn’t just for personal coverage; businesses can also purchase it in order to extend the reach of its various liability policies.
No matter how aggressive your liability insurance policy limits are, the inexpensive addition of umbrella insurance is a great, affordable way to extend your protection and meet whatever comes your way in the future.