Umbrella Insurance in Florida

Undoubtedly, anyone living in the Florida area has heard about an umbrella policy. While this policy may have an attractive name, many people are still confused as to what an umbrella policy actually is. Other people are wondering if an umbrella policy is a worthy investment. For more information, see the answers to these common questions below.

What is an umbrella insurance policy?

An umbrella policy is a policy that people can decide to purchase in addition to other insurance policies such as home or auto insurance. An umbrella policy provides additional protection that kicks in after the maximum payout of a home or auto insurance policy has been reached. For example, most home insurance policies will only provide a financial compensation package up to a certain amount; however, sometimes this amount might not be sufficient to cover the cost of whatever happened to trigger the claim. An umbrella policy would provide the additional funds to cover the remaining costs.

Why do I need an umbrella policy?

Most Florida residents believe that the coverage limits on their home or auto insurance policy are sufficient. This may be accurate for some people. For other people, an umbrella policy might be a worthy investment. For example, if someone is injured or even killed on a property you own, you could be the subject of a lawsuit that far exceeds the damages covered by the home insurance policy. In this case, an umbrella policy would be an appropriate investment and could help to cover these costs. Some people have expensive investments that could be wiped out. If their value exceeds that maximum award possible under their insurance policy, an umbrella policy could help with this as well.

Florida residents looking for an umbrella policy should contact Hamilton Fox & Company for more information. Hamilton Fox & Company has been providing the citizens of Pinecrest, FL with high-quality protection since day one. Call today for more information.

To speak directly to an agent dial 855-4A-QUOTE (855-427-8683).