Boca Raton, Florida
301 E Yamato Rd, #2250
Boca Raton, FL 33431
(844) 255-6639
At Seeman Holtz Property and Casualty, we believe in providing each individual with not only the right insurance, but with the right service to meet your needs. We are an independent Boca Raton based national insurance agency offering major insurance carriers across the country, featuring all lines of personal and commercial insurance with unrivaled attention to client service.

What You Should Know About Umbrella Insurance Policies April 13, 2020

What You Should Know About Umbrella Insurance Policies, Boca Raton, Florida

Insurance is a necessary part of life for both businesses and everyday people. However, in addition to an auto or home insurance policy, some people may also benefit from umbrella insurance. For individuals of all walks of life, an umbrella policy serves as an important form of risk management. Here’s how this coverage can apply to you.

What is Covered by an Umbrella Insurance Policy?

Umbrella insurance is designed to provide additional coverage when you are held liable for personal injury or property damage in a lawsuit. This could be from an injury that occurred in your home, an auto accident, or even something you did while at work or during a recreational activity. 

While most people have home or auto insurance, these policies are subjected to coverage limitations. After those limitations are met, the plaintiff could come after your personal assets or even your salary. To counteract this risk, umbrella coverage acts as a type of secondary policy that kicks in after the limits of your primary policy have been met. It also covers associated legal expenses.

Who Needs Umbrella Coverage?

insuranceGenerally speaking, there are certain categories of individuals who are at a higher risk of litigation because of their properties or lifestyles. Even choices that don’t seem risky could make you more likely to face a lawsuit. For example, owning a dog or regularly hosting parties at your house increases the risk of someone getting injured on your property. Even volunteering or coaching a youth sport could increase your potential liability.

Most people will benefit from an umbrella policy, particularly higher net worth individuals. This is because they’re more likely to be targeted with large settlement demands.

 

At Seeman Holtz Property and Casualty, we believe in providing each individual with not only the right insurance, but with the right service to meet your needs. We are an independent Boca Raton, FL based national insurance agency offering major insurance carriers across the country, featuring all lines of personal and commercial insurance with unrivaled attention to client service. To learn more about our services or to get a quote, visit us online or call (800) 991-3592.

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