{"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<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.smollerinsurance.com\/blog\/wp-content\/uploads\/2021\/11\/CPK-2-1024x652.jpg\" alt=\"\" class=\"wp-image-39\" width=\"407\" height=\"259\" srcset=\"https:\/\/www.smollerinsurance.com\/blog\/wp-content\/uploads\/2021\/11\/CPK-2-1024x652.jpg 1024w, https:\/\/www.smollerinsurance.com\/blog\/wp-content\/uploads\/2021\/11\/CPK-2-300x191.jpg 300w, https:\/\/www.smollerinsurance.com\/blog\/wp-content\/uploads\/2021\/11\/CPK-2-768x489.jpg 768w, https:\/\/www.smollerinsurance.com\/blog\/wp-content\/uploads\/2021\/11\/CPK-2.jpg 1280w\" sizes=\"auto, (max-width: 407px) 100vw, 407px\" \/><\/figure>\n\n\n\n<p>You may have clicked this wondering: &#8220;What even <em>is<\/em> umbrella insurance?&#8221;<\/p>\n\n\n\n<p>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<p>Let&#8217;s break down some myths behind umbrella insurance:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>1. &#8220;Umbrella insurance isn&#8217;t affordable. &#8220;<\/p><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><p>2. &#8220;Umbrellas are only for billionaires!&#8221;<\/p><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><p>3. &#8220;My auto and home policies will cover me.&#8221;<\/p><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<p>Give us a call at 617-965-1830 if you&#8217;re curious if an umbrella policy is right for you.<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>You may have clicked this wondering: &#8220;What even is umbrella insurance?&#8221; 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 [&hellip;]<\/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":[],"_links":{"self":[{"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/38","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=38"}],"version-history":[{"count":2,"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/38\/revisions"}],"predecessor-version":[{"id":41,"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/38\/revisions\/41"}],"wp:attachment":[{"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=38"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=38"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smollerinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=38"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}