The Benefits of an Umbrella Insurance Policy

Here is an excerpt from a new blog post at GreggMarcus.com:

It is a common misconception among homeowner’s that their general auto and homeowner’s insurance policies have enough coverage to protect assets should an accident occur. No one ever expects an accident to happen but when there is an accident, there is a very high possibility of a lawsuit that is above your policy limits and this can financial burden on your family. In this post, Gregg S. Marcus, a Long Island Insurance Executive discusses the benefits of an umbrella insurance policy.

An umbrella insurance policy, which is considered a form of extended liability insurance, pays for any amount that goes above the liability limit on your home or auto insurance policy. Umbrella insurance is not just for the rich; everyone can benefit from it since its coverage is very affordable. When an insurance claim is filed, most of the money that pays for liability expenses comes from your regular insurance plan, which is why regular insurance is more expensive. Umbrella insurance coverage is only used when the expenses go above and beyond that amount, and therefore makes it much less costly.

To read this post in it's entirety, click here to visit the Gregg Marcus official website.