Greenwich, CT (PRWEB) February 10, 2014
Connecticut insurance agency, Lampe-Batkin Associates, encourages its Greenwich community to celebrate National Umbrella Day on February 10th by learning more about the importance of umbrella insurance. The agency believes it to be an opportune time to both promote and educate on this important policy.
Umbrella insurance is an additional liability policy that can be added to home, auto, or boat coverage. In the event that an individual faces charges that exceed their existing policy, umbrella insurance can protect against financial strain.
There are several instances where one may be in need of the additional coverage offered by an umbrella policy. Here are three for individuals to consider:
If one incurs damages over their home or auto insurance coverage amount, they may be personally responsible for the difference. The cost of a serious auto accident can easily exceed the limits on an auto insurance policy. The driver who caused the accident may be sued for the difference between the actual cost of medical care and the amount paid by the insurance company. An umbrella policy can alleviate that stress by paying the remainder of the claim.
It is important to note that umbrella policies have much larger coverage limits. They range from $1 million to $10 million. The extra layer of protection covers claims for extensive damage to persons and property. If someone trips on the sidewalk outside of an individual’s home or a child wanders into their yard to play on a trampoline and gets hurt, umbrella coverage will cover the costs of any injuries and protect their personal assets.
While auto and home insurance policies have restrictions, umbrella policies cover many of the exclusions. An umbrella policy may cover claims of slander and libel. These financial products cover expenses related to lawsuits stemming from comments made on Internet social networking sites, blogs, or other media sources. Umbrella insurance is versatile and a smart addition to a homeowner’s insurance package.
To learn more about umbrella insurance, contact the agents at Lampe-Batkin Associates by calling 888-520-9934 or by visiting the agency’s website.
About Lampe-Batkin Associates:
Located in Greenwich, CT, Lampe-Batkin Associates has been serving Connecticut and New York individuals, families, and business owners for over 50 years. The third generation agency takes great pride in its growth and continues to provide quality coverage throughout each year. Aside from its personal and commercial insurance solutions, Lampe-Batkin is proud to offer high-quality services for Private Clients.