Umbrella Insurance in New York
Having an insurance policy in New York is great, but have you ever wondered whether you have enough liability coverage for your home or car? Most people don't, and this is where umbrella insurance steps in to save you. This policy gives you additional liability protection when you exceed the limits of your auto or homeowners' policy. Is this a policy you need? AW Burchell Agency Inc. can share some helpful tips when buying an umbrella insurance policy.
Know Your Risks
The first step is understanding your risks. What are some things that can happen and expose you to financial loss? Can you be sued? Do you own substantial assets at risk of being seized in case of a lawsuit? Is your job risky? Do you have dangerous hobbies? Once you answer these questions, you'll know the level of coverage you require.
Read the Fine Print
As you plan to buy an umbrella insurance policy, read the fine print carefully. What are the exclusions and limitations of your policy? Understand what's covered and check the claims process. You'll know what you're getting into when you understand these policy elements.
Select the Right Coverage
As you shop for an umbrella insurance policy, go with a coverage limit that sufficiently covers your assets. If you don't do that and encounter a risk, you may find yourself paying some expenses from out of pocket.
Work With a Reputable Company
Finally, do some research before choosing a company. Check if it has a solid reputation for delivering quality customer service. Umbrella insurance is an investment, and you should only partner with a company that has your best interests at heart.
We have built a solid reputation with our customers at AW Burchell Agency Inc. If you're considering getting umbrella insurance, we can help. Contact our office for more information and guidance. We have locations in Cortland, Whitney Point, Painted Post, and Ithaca, NY.