Call Us (561) 994-0880 ☰ ˟
(561) 994-0880 info@parkassociates.com
Park & Associates
Client Portal  Request a Quote
  • HOME
  • Get a Quote
    • Business & CommercialImage of right arrow
      • Business Quote Request
      • Cyber Liability Quote Form
      • EPLI Insurance Quote Form
      • Professional Liability Quote Form
    • Association InsuranceImage of right arrow
      • Commercial Real Estate Insurance Quote
    • Preschool InsuranceImage of right arrow
      • Preschool Insurance Quote
    • Contractor InsuranceImage of right arrow
      • Contractors Insurance Quote
    • Auto InsuranceImage of right arrow
      • Auto Quote Request
    • Homeowners InsuranceImage of right arrow
      • Home Quote Request
      • QuoteRush for Home Insurance
    • Flood InsuranceImage of right arrow
      • Flood Quote
    • Umbrella InsuranceImage of right arrow
      • Umbrella Insurance Quote Form
  • ABOUT US
    • About Us
    • Employee Directory
    • Location Map
    • Privacy Policy
    • Testimonials
    • Giving BackImage of right arrow
      • The MSA Coalition
    • Letter of recommendation
  • CUSTOMER SERVICE
    • Client Portal
    • File a Claim
    • Request Declaration and Coverages
    • Request ID Card for Auto Policy
    • Request Proof of Insurance
  • MAKE A PAYMENT
  • RESOURCES
    • View our Blog
    • Insurance Glossary
    • Newsletter Archive
    • Refer a Friend
    • Request A Quote
    • Proof Of Insurance
  • CONTACT
    • Contact Us
    • Join Our Blog
    • Join Our TeamImage of right arrow
      • Join Our Team
Association Insurance Icon Business Insurance Commercial Real Estate Insurance Icon Association Insurance
Preschool Insurance Icon Preschool Insurance
Contractor Insurance Icon Contractor Insurance
Homeowners & Car Insurance Icon Automobile Insurance Flood & Umbrella Insurance Icon Homeowners Insurance 
Home > Blog > The Importance of Carrying an Umbrella Insurance Policy
FRIDAY, JUNE 7, 2019

The Importance of Carrying an Umbrella Insurance Policy

Being properly insured is important, however, carrying the right amount of liability coverage is especially critical. Liability claims can quickly spiral out of control and put your home and other assets that you worked so hard for at risk if you are not properly insured.

There are several reasons to consider putting an umbrella policy in place.  Below are a few examples:

 

  • Teen Driver in the House: If you have a teen driver living in the house you should absolutely consider an umbrella policy. While auto insurance policies offer liability coverage, it may not be enough if your teen driver is involved in a serious accident.

 

  • House Party Gone Wrong: If you like to entertain, or you have a teen in the house that likes to have parties when you’re not around, you should definitely have an umbrella policy. If a person slips and falls in your house, drinks too much, gets behind the wheel of a car and is in an accident, you can be on the hook for both medical costs and lawsuits.

 

  • You Have a Swimming Pool: Just like a trampoline, swimming pools are an additional danger and can lead to severe, even life-threatening injuries. While anybody can be injured in your home due to a fall or slip, a swimming pool can result in a life-changing injury such as a broken neck or death due to drowning. Severe swimming pool injuries often come with dramatic medical costs and those costs can quickly exceed a standard homeowners insurance policy. If you have a swimming pool on your property, we highly recommend you carry an umbrella policy.

 

  • You Own a Second Home: If you own more than one home, your liability exposure goes up dramatically especially if your second home is unoccupied for much of the year and has tempting amenities like a pool, hot tub or trampoline. Uninvited guests that jump a fence and take a dip in your pool could end up hurt and unfortunately, in many cases, that liability can fall on  you.

 

As you can see, an umbrella policy can be a financial lifesaver in numerous situations.  The best news about umbrella policies is that they are extremely affordable. Umbrellas are sold in $1 million increments and typically cost approximately $250 a year.

family together with dog and house background boy girl mom dad.

Posted 12:19 AM

Tags: umbrella coverage, teen drive, house party, swimming pool, second home
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
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017

  • park and associates(28)
  • coverage(14)
  • business insurance(12)
  • insurance(11)
  • home insurance(9)
  • protection(7)
  • auto insurance(5)
  • car insurance(5)
  • commercial property insurance(3)
  • community association(2)
  • epli(2)
  • crime coverage(2)
  • park & associates(2)
  • cyber liability insurance(2)
  • workers compensation insurance(2)
  • condo association insurance(2)
  • homeowners(2)
  • building ordinance & law coverage insurance association(2)
  • general liability insurance(2)
  • renters insurance(2)
  • homeowners association insurance responsibilities(2)
  • 2020 covid-19 insurance high premium cyber attacks and insurance(1)
  • insurance rates high; florida; homeowners rates(1)
  • how to calculate business income property insurance(1)
  • hurricane tips florida storm(1)
  • workers compensation(1)
  • insurance is intangible(1)
  • property owners insurance coverage needed building ordinance or law(1)
  • why buy flood insurance(1)
  • personally identifiable information(1)
  • environmental impairment liability insurance pollution(1)
  • employeer liability(1)
  • valentines day(1)
  • texting(1)
  • reading(1)
  • professional(1)
  • financial(1)
  • how insurance companies determine your premium for your home property(1)
  • holiday season hazards fire cooking christmas lights(1)
  • business income property insurance(1)
  • sole proprietor(1)
  • employee accident(1)
  • jewelry(1)
  • commercial auto insurance(1)
  • extortion ransomware association cyber liability insurance(1)
  • association insurance high premium(1)
  • swimming pool(1)
  • insurance disclosure information risk exposures(1)
  • bop(1)
  • risks(1)

View Mobile Version
Park & Associates
Quick Links
Home Our Products Customer Service Make A Payment Report a Claim
About Us Refer A Friend Our Carriers Blog Contact Us
Location
5255 N Federal Hwy.
Suite 200
Boca Raton, Fl 33487

Phone: (561) 994-0880
Fax: (561) 994-1740
Email Us

TrustedChoice   FAIA
Facebook Twitter
Licensed In The Following States: Florida
Please Read Our Privacy Policy
Copyright © 2022 Park & Associates, Inc.
All Rights Reserved.


Powered by Insurance Website Builder