{"id":38,"date":"2021-11-22T12:13:26","date_gmt":"2021-11-22T18:13:26","guid":{"rendered":"https:\/\/www.smollerinsurance.com\/blog\/?p=38"},"modified":"2021-11-22T12:13:27","modified_gmt":"2021-11-22T18:13:27","slug":"debunking-umbrella-insurance-%e2%98%82%ef%b8%8f","status":"publish","type":"post","link":"https:\/\/www.smollerinsurance.com\/blog\/debunking-umbrella-insurance-%e2%98%82%ef%b8%8f\/","title":{"rendered":"Debunking Umbrella Insurance \u2602\ufe0f"},"content":{"rendered":"\n
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You may have clicked this wondering: “What even is<\/em> umbrella insurance?”<\/p>\n\n\n\n

Quite simply, umbrella insurance provides extra liability coverage beyond what your other policies cover. If a serious and unexpected event were to occur, your umbrella insurance offers you an extra level of financial protection, the same way an umbrella guarantees you extra protection from the weather! <\/p>\n\n\n\n

Let’s break down some myths behind umbrella insurance:<\/p>\n\n\n\n

1. “Umbrella insurance isn’t affordable. “<\/p>

False! According to the Insurance Information Institute, an umbrella policy with $1,000,00 coverage costs about $150-300 annually. That is less than a dollar a day!<\/p>

2. “Umbrellas are only for billionaires!”<\/p>

In 2021, this is not the case. It remains true that many people with umbrella policies have a substantial amount of assets and\/or savings or work in the spotlight. However, unexpected events can happen to anyone and can cost the negligent party thousands, or even millions, in a court.<\/p>

3. “My auto and home policies will cover me.”<\/p>

This depends on the situation. For example, if you have $400K in liability coverage on your home policy and get sued for an injury on your property for 1 million, you are responsible for paying that $600K out of pocket.<\/p><\/blockquote>\n\n\n\n

Give us a call at 617-965-1830 if you’re curious if an umbrella policy is right for you.<\/p>\n\n\n\n

<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

You may have clicked this wondering: “What even is umbrella insurance?” Quite simply, umbrella insurance provides extra liability coverage beyond what your other policies cover. If a serious and unexpected event were to occur, your umbrella insurance offers you an extra level of financial protection, the same way an umbrella guarantees you extra protection from […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[32,33,25,26,14,34,36,35,37],"class_list":["post-38","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-smaller","tag-smaller-insurance","tag-smoller","tag-smoller-insurance","tag-smoller-insurance-agency","tag-umbrella","tag-umbrella-coverage","tag-umbrella-insurance","tag-umbrella-policy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t