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.<\/p>\n
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.<\/p>\n
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:<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Let McBride Benefit Solutions serving the Florence, AL area help protect your financial security with the right insurance policies to protect you.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[15,14],"class_list":["post-18","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-florence-al","tag-mcbride-benefit-solutions"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t