Umbrella insurance is a term used to refer to several types of additional liability coverage that are usually bundled together. The Tyson Agency offers this type of coverage to people in the Inkerman, PA area who are responsible for large value assets, and who will also benefit from greater protection than what is provided by a typical policy.
Umbrella insurance can be a good option for individuals or businesses who have a number of different, high-value insurance needs that can be managed together. Umbrella insurance typically adds additional coverage over typical policies for things like home owner’s policies, auto insurance, and anything else that may be subject to great losses. This is especially true for high-value assets such as large homes and luxury cars, which can be costly to replace after accidents or disasters. There are also certain high net worth individuals who want coverage in case of a lawsuit so that their personal assets are not at risk. A judgment against someone or their business can totally wipe out their assets if relevant coverage is not available to help them pay out the damages. This is why umbrella insurance policies are usually incremented in by millions of dollars at a time. Large values are normally considered when dealing with people who require this kind of serious protection.
This is just a brief overview, and there are many other reasons why someone may want to purchase an umbrella policy. To speak with an agent who serves Inkerman, PA, contact The Tyson Agency at your earliest convenience. Someone can provide you with greater detail about how umbrella insurance will help your personal situation.