Call Us 800-317-6122 ☰ ˟
Logo
Call Us 800-317-6122
  • HOME
  • GET A QUOTE
    • Personal LinesImage of right arrow
      • Homeowners
      • Automobile
      • Umbrella
      • Motorcycle
      • Recreational Vehicle
      • Rental Property
      • Specialty Automobile
      • Flood
    • Commercial InsuranceImage of right arrow
      • General Liability
      • Commercial Auto
      • Workers Compensation
      • Bonds
      • Commercial Property
      • Builder’s Risk
      • Business Owners Policy
    • Life & Health InsuranceImage of right arrow
      • Disability Insurance
      • Life Insurance Home
      • Health Insurance Home
      • Long-Term Care Insurance
      • Group Health
  • RESOURCES
    • Refer a Friend
    • Client Services
    • Insurance Glossary
    • Make a Payment
    • Make A Claim
  • ABOUT US
    • About Us
    • Our Locations
    • Privacy Policy
  • CONTACT
  • OUR AGENCIES
    • Deming Insurance Agency
    • Prindle Insurance
    • Raynard & Peirce Insurance
    • Simsbury Insurance Center
    • Tangarone & Prelli Insurance
    • WJ Irish Insurance
Home > Blog > Do Condo Owners Benefit from Personal Umbrella Insurance?
FRIDAY, NOVEMBER 11, 2022

Do Condo Owners Benefit from Personal Umbrella Insurance?

As a condo owner, you know the value of protecting your property. You may know that the condo association's insurance usually covers the shared areas of your complex. However, you remain responsible within your property. Having liability insurance as a condo owner is very important. Should someone fall and be hurt on your property, you may be held responsible for it. But, is traditional liability insurance really enough?a row of colorful umbrella

What Can Umbrella Insurance Offer?

Umbrella liability insurance provides a higher level of coverage. It steps in to help cover costs after your traditional liability insurance policy exceeds limits. The question you have to ask is whether or not you feel there is a need for this higher level of protection. In many cases, the answer is yes.

When an incident occurs, such as a person falling and getting hurt on your property, your condo insurance can begin to pay for the losses you've incurred. Perhaps the individual hurt his or her arm. Your traditional policy is likely enough to cover this. However, if that person fell and hit the corner of the table with their head and this leads to significant brain trauma, then the costs may be much higher. Or, the individual could break a leg and be out of work for months. Your condo insurance may not be enough in this case to cover your risks.

Umbrella Insurance Often Makes Sense

In many situations, you can buy personal umbrella insurance that can provide ample compensation. For example, you may pay between $150 and $300 for about $1 million in coverage, according to the Insurance Information Institute. That amount of coverage could help protect you against many of the risks you could face.

Condo insurance is essential, but in today's litigious society where people sue easily and win large settlements as a result, it is often necessary to go a step further than this with comprehensive protection. Umbrella insurance can provide you with this type of protection when your traditional liability plan cannot. Every situation is different, but you may find it is well worth the added protection against these risks.

Are your personal interests covered? Call Newberry Insurance Group at 800-317-6122 for more information on South Windsor umbrella insurance.

Posted 3:35 PM

Tags: umbrella insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • insurance(8)
  • coverage(7)
  • auto(4)
  • bop(3)
  • car(3)
  • liability(2)
  • general liability insurance(2)
  • auto insurance(2)
  • umbrella insurance(2)
  • business(2)
  • policy(2)
  • commercial(2)
  • workers compensation(1)
  • general(1)
  • homeowners(1)
  • classic auto insurance(1)
  • vehicle(1)
  • flood insurance(1)
  • antique(1)
  • owners(1)
  • rates(1)
  • classic(1)
  • damage(1)
  • commercial auto(1)
  • collision(1)
  • umbrella(1)
  • business owners policy(1)
  • credit(1)
  • high value home insurance(1)
  • cyber insurance(1)
  • home insurance(1)
  • travel insurance(1)
  • classic car insurance(1)
  • personal(1)
  • commercial auto insurance(1)
  • score(1)

View Mobile Version
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Home| Get A Quote| Customer Service| Blog| About Us| Contact
Main Office
1760 Ellington Road | South Windsor, CT 06074
P: 800-317-6122 | info@newberryagency.com
Social Social Social
Logo

Powered by Insurance Website Builder