Umbrella insurance

What Is It And Why Do I Need It?

Umbrella insurance is an extra layer of liability protection designed to safeguard you from major claims and lawsuits that go beyond the limits of your existing insurance policies. Whether it’s an accident that results in significant bodily injury or a claim involving substantial property damage, umbrella insurance offers an additional safety net that covers legal fees, medical expenses, and other related costs that exceed your primary coverage limits.

Umbrella insurance extends coverage beyond the standard limits of your homeowners, auto, or personal liability insurance. It protects you in situations where the damages or legal costs surpass your underlying policy, providing peace of mind in case of unexpected events that result in expensive claims. This insurance covers incidents on your property as well as accidents that occur anywhere else.

Unexpected incidents can occur at any time, and the financial impact can be overwhelming. Our umbrella insurance policies help cover costs associated with:

• Medical expenses for injured parties
• Legal fees in the event of a lawsuit
• Damages exceeding the limits of your primary insurance policies

At JMD, our dedicated agents work relentlessly to ensure that you and your family are protected from life’s unforeseen risks, no matter the circumstance.

Weighing Premiums and Deductibles:

After identifying the best coverage rate for your umbrella insurance, our team will help you find the most affordable premiums and deductibles. Typically, policies with higher deductibles are viewed as lower risk by insurers, which leads to reduced monthly premiums. On the other hand, policies with lower deductibles come with higher monthly payments but provide quicker financial relief when claims are made.

For more on premiums and deductibles visit our FAQ page.