Umbrella Insurance in Maryland
In Frederick, Maryland, the independent insurance agents at Lebherz Insurance are available to help you with the process of understanding, searching for, and purchasing an umbrella insurance policy. Umbrella insurance is designed to protect you against lawsuits and claims for your money and property.What is Umbrella Insurance?
Umbrella insurance is an extra layer of coverage that protects you when you are at fault for someone else’s injuries. Your homeowner’s or auto insurance usually has liability coverage that will pay you up to a certain amount. If the other person has sustained injuries that are monetarily greater than what your liability policy has, you may be responsible for covering the additional costs.
It is easy to rack up hundreds of thousands of dollars in medical bills. To avoid having to pay out of your own pocket, umbrella insurance would cover you over your home or auto liability insurance. For example, if a person is injured in an automobile accident that you caused and their medical bills are in excess of your liability coverage, umbrella insurance could be there to pay for the extra costs.What Could Happen If You Don’t Have Umbrella Insurance?
If you do not have the protection of umbrella insurance, the injured party can file a lawsuit against you to recover the amount that your liability insurance did not pay. It is possible that you would have to pay out-of-pocket, take out a loan, or put an additional mortgage on your property if you lose the lawsuit. Having umbrella insurance can protect you from having to go through the legal process. It can cover amounts that go above and beyond your home or auto’s liability insurance.
Take advantage of the independent insurance agents at Lebherz Insurance in Frederick, MD. They can give you advice, quotes, and options for all of your insurance needs.