Umbrella insurance is one of the least understood types of insurance. It has nothing to do with an umbrella but everything to do with providing protection and coverage against all the bad things life can throw at you. We will be happy to discuss the benefits of adding an umbrella insurance policy to your portfolio at Windgate Insurance Agency Inc. in New Windsor, NY. 

There is a feeling that umbrella insurance is only for the wealthy. Nothing could be farther from the truth. Do you have any assets? You are in danger of losing them if you are sued. If someone sues you and wins, you must also pay the judgment and legal fees. If you don’t have umbrella insurance, this will be from your own pocket. In the event you don’t have enough cash, you may be forced to sell some of your assets or have your wages attached. This could affect your financial health for many years to come. 

Umbrella insurance could take care of paying that judgment and your legal fees. You don’t need to be rich to benefit from this type of coverage; you need assets and a liability coverage policy. Umbrella insurance is not a stand-alone policy; you add it to a policy or policies you already have. This includes a home policy, auto insurance, condo insurance, renter’s insurance, and boat or motorcycle coverage. 

When your primary policy pays out and runs out of coverage, the umbrella policy will kick in and pay up to its maximum. Most umbrella policies start at one million dollars. 

Call us at Windgate Insurance Agency Inc. in New Windsor, NY, or drop into the office to discuss why umbrella insurance may be the right choice for you.