You’re required to purchase home insurance by your mortgage company and auto insurance by the state to keep your car registered. But there is one policy the team at Berry Insurance also always recommends, it’s a Massachusetts umbrella insurance policy. No, this policy is not for a rainy day. But it does provide a little additional protection. With just a small investment, it can protect you financially in the event of a large incident. Umbrella insurance, sometimes also referred to as excess liability, is what kicks in when your policy runs out of coverage. In large claims, once your policy limits are expended, you are personally responsible for the remaining amount.
Now you may be thinking, “That stuff never happens to us.” But for less than $1 per day, in many cases, why take that chance? We live in a litigious society. Even accidents that are completely unintentional can carry significant financial impact. You work hard for your assets. You don’t want one unintentional accident to impact you in the form of a judgment or even wage garnishment.
Teenagers are four times as likely to get into an accident. Every year we hear about a teenage driving fatality or impairment. Adding a teen to your policy can be pricy, but a severe accident could cost you your home.
When it’s nice out we all want to sit by our pool. A simple slip and fall at a party can impair someone for a significant amount of time. In the event of a slip and fall at your home, you would want your friends and family to have the best care to help them through a long injury or impairment. You, as the homeowner, are held liable for accidents on your property.
We all throw the occasional dinner party, 4th of July cookout or holiday party. Did you know if someone has one drink at your home and gets into a severe accident, you can be held liable for any impairments incurred?
Can’t say enough about their customer service. I would call them if you are in the market for a re-evaluation of your current home insurance/car insurance policy or buying a home and need a policy quote. I know you will be glad you did! - Virna B