What is an Umbrella Insurance Policy and How Does it Work?
Most people have some experience when it comes to buying insurance policies for their homes, automobiles and businesses. After buying a number of different insurance policies covering individual assets, people think that they have all of their bases covered. Unfortunately, however, this is often not the case. Many times there are gaps in your insurance coverage that will leave you liable if an unexpected event occurs. This is where umbrella insurance policies come into play. Hale & Associates Inc. is a highly- experienced insurance brokerage firm in Alaska that will find you an umbrella insurance policy that perfectly suits your needs.
Umbrella insurance policies cover a broader range of things than your primary insurance policy covers. An umbrella insurance policy is necessary to cover any gaps and exclusions that will leave you exposed to liability under the terms of your primary insurance policies. For example, there are a lot of circumstances that are not covered by either your homeowners or auto insurance policies. Without a well-considered umbrella insurance policy, you can be exposed to potentially devastating financial liability.
In addition to filling in gaps between your primary insurance policies, umbrella insurance policies also can provide coverage for claims that exceed the policy limits of your primary insurance policies. For example, damages from an auto accident can greatly exceed your insurance policy limits. You need an umbrella insurance policy to protect your assets in the event of a high-liability mishap. Don’t take chances with your financial future when an AK insurance brokerage firm can provide you with affordable umbrella insurance policies that will provide you with the coverage that you need.
Hale and Associates have been providing professional insurance brokerage services in Alaska for over 25 years. They pride themselves on providing the highest-quality insurance brokerage services available. Hall & Associates will find the right insurance policy for any entity, large or small. In addition to private insurance policies, they specialize in providing insurance policies that are designed to meet the needs of larger organizations such as governmental entities, corporations and construction companies. Don’t take chances with your financial future, call Hall & Associates for a free consultation to find out how they can help you protect yourself.