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Florence, AL 35630

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Beyond the Basics: How Umbrella Insurance Elevates Protection

When you buy insurance of any kind in Florence, AL, you assume that you’ve got all the protection that you need. While having a variety of policies does provide quite a bit of financial protection, umbrella insurance can offer even more peace of mind.

At McBride Benefit Solutions, we have agents who can talk to you about why umbrella insurance is such a critical option.

Umbrella Insurance Goes Above & Beyond

Depending on what you own and where you live in Florence, you may already have a few policies. This can include homeowner’s insurance, car insurance, and even specialty products like RV, boat, and more.

An umbrella policy allows you to extend the coverage of ALL of these policies – kind of like an umbrella offers protection on a rainy day.

Expect the Unexpected

One of the best ways to elevate your protection in Florence, AL, is to expect the unexpected. You do that by making sure that you have thought of every possibility – and remember that you never know what could happen.

While your insurance policies are built based on a few assumptions, the coverage may not be enough. If there is a significant accident or problem, your insurance may not cover as much as you had hoped – and that would mean you’re on the hook for the rest.

You don’t want one accident to bankrupt you, which is why umbrella policies are so important. They kick in when you’ve exhausted the coverage on your standard policy.

Consult With Us

When you’re ready to learn more about how to create an umbrella policy that goes beyond your standard policies, call us. One of our agents at McBride Benefit Solutions can work with you to create an individual policy that will offer you more protection and even more peace of mind.

What Does Umbrella Insurance Cover?

Our agents at McBride Benefit Solutions serving the Florence, AL area understand the importance of having an umbrella insurance policy in addition to your already existing insurance policies. An umbrella insurance policy will come in handy if you need more coverage than you already have when it comes to a boating or car accident, personal liability situation, and several other scenarios.

What is Umbrella Insurance?

It is important to understand what umbrella insurance is and how it works. It is a very important additional insurance policy you can obtain to go along with your auto, homeowners, boat, motorcycle, and other insurance policies you may already have in place. You can add an umbrella insurance policy to help give you an extra layer of protection when it comes to your personal liability as well as property damage and even legal expenses.

For example, if you are sued for libel or slander, your umbrella insurance policy can really help you out in paying for your legal fees and other things associated with a case like that. An umbrella insurance policy will be used after the limits of your primary insurance policies have already been used to their limits. An umbrella insurance policy will basically help to ensure that you do not end up with some type of large financial burden that you cannot overcome.

What Does Umbrella Insurance Cover?

One of the most important areas that is covered by umbrella insurance is personal liability. For example, if someone is visiting your home and falls down and is injured, your homeowner’s insurance will only cover up to a certain amount of the person’s medical bills and other fees associated with their accident. An umbrella policy can then kick in and help pay these costs, which can even include legal fees if that person decides to file a lawsuit against you.

Another way an umbrella insurance policy is important is by helping you out if you face some sort of lawsuit or even false arrest. An umbrella insurance policy can give you the added protection you need to provide you with a great sense of peace of mind.

Contact Us Today

As insurance professionals serving the Florence, AL area, the experienced and trustworthy agents at McBride Benefit Solutions are very knowledgeable about umbrella insurance policies. Call us today to schedule your appointment to create the best umbrella insurance for you and your situation.

What is umbrella insurance?

At McBride Benefit Solutions, we offer comprehensive insurance methods to protect your financial security, home, and business in Florence, AL. Many individuals and businesses need umbrella coverage, but few know about it and its benefits.

In the insurance industry, we refer to umbrella insurance as secondary insurance. That means you must own a primary insurance policy to purchase umbrella coverage. Regarding umbrella coverage, the primary policy must contain liability coverage. Umbrella insurance provides additional liability coverage, and a typical policy provides about $1 million of coverage.

What primary policies qualify?

Essentially, any liability policy qualifies for this type of secondary coverage. We can help you add umbrella insurance to any of the following insurance policies:

  • Auto insurance,
  • Boat insurance,
  • Classic car insurance,
  • Commercial insurance,
  • Condo insurance,
  • Homeowners’ insurance,
  • Motorcycle insurance,
  • Recreational vehicle insurance,
  • Toy insurance.

As long as you purchase liability coverage in your primary policy, whether it’s a bodily liability in auto insurance or general liability in a homeowners’ or condo policy, you can add umbrella coverage.

How does umbrella insurance work?

When you incur liability for any reason, from causing an auto accident to a slip-and-fall accident at your place of business, your main policy pays out any settlement first. Once paying the settlement exhausts it, your umbrella policy kicks in and pays the rest.

Here’s an example. The police find you at fault for an auto accident. You injured two people whose hospital bills total $80,000. Your auto insurance contains only the minimum coverage of $25,000 per person for bodily injury liability with a $50,000 maximum per accident. That means your auto coverage pays out $50,000 of the $80,000.

With umbrella coverage, it kicks in to pay the other $30,000 as soon as the payout exhausts the auto insurance. Without umbrella coverage, you must pay the $30,000 out of pocket.

Contact Us Today

Let McBride Benefit Solutions serving the Florence, AL area help protect your financial security with the right insurance policies to protect you.

Partner Carriers

  • Aetna
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  • Beazley
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  • Liberty Mutual
  • Mutual of Omaha
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  • Openly
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  • Principal
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