Personal Umbrella Insurance | Bogle
Agency Insurance NJ
Despite your efforts to find the best possible liability insurance protection, you may still feel exposed in today’s litigious NJ society. It’s certainly a concern to keep in mind as you explore your options.
One such option, however, is an umbrella insurance policy from Bogle Agency Insurance, based in Bergen County, available to all NJ residents.
What is Personal Umbrella Insurance?
Much like an actual umbrella, your umbrella liability coverage protects you from various liability issues that may arise, including judgments that exceed the scope of your standard liability coverage. Or for some events that are typically excluded from general liability policies.
What Does A Personal Umbrella Policy Cover?
Generally, an Umbrella policy covers:
1. Auto Liability, such as bodily injury to others, property damage, and lawsuits from major car accidents.
2. Home and Personal Liability injuries or damage you’re legally responsible for, such as slip-and-fall injuries at your home, dog bites, accidents involving guests, and property damage you cause to others.
3. Legal Defense Costs, such as attorney fees, court costs, settlements, and/or judgments.
4. Personal Injury Liability, such as libel, slander, defamation, invasion of privacy, false arrest, and/or wrongful eviction.
When Does Personal Umbrella Coverage Start or Kick In?
Personal Umbrella coverage only begins after your automobile or homeowner’s insurance liability limits are used up or exhausted.
Why Buy an NJ Umbrella Policy?
It’s hard to overlook the increasingly litigious nature of the world we live and work in today, particularly in NJ. People sue for various slights and injuries, both actual and perceived. The costs of litigation are punitive in their own right. And so Umbrella coverage helps to cover the costs of your legal defense as well as any payments awarded, when those legal costs and/or awards exceed the limits of your base automobile or homeowner’s insurance liability coverages.
And why is the ‘Umbrella’ or this additional coverage so important to you and your family? Well, without it, your personal assets could be at risk. It’s there to cover the damages awarded to the other party in an auto accident or in the aftermath of an injury that occurred in your home or on your property.
In a lengthy courtroom battle, it’s conceivable that the legal fees alone may exceed the scope of your general liability coverage. That means your family is on the hook for the full force of damages levied against you. These are events you don’t want to lose sleep over, especially when a small investment in umbrella coverage can spare you the lost sleep and your family the heartache of such an experience.
Who Needs Umbrella Insurance Coverage?
In the state of New Jersey, almost everyone can benefit from Umbrella coverage. Whether you own or rent your home, it does not matter. You never know what life is going to throw your way. If you own any of the following, you need umbrella coverage:
• Home
• Automobiles
• Secondary/Seasonal Homes
• Recreational Vehicles (RVs)
• Boats
• Personal Watercraft
• Motorcycles
• ATVs
• Antique Automobiles/Hot Rods
The state of New Jersey offers many opportunities for residents to play hard, and sometimes people get hurt. If someone is injured on your property or by property you own, you need the blanket protection an umbrella policy provides.
It’s not only about the financial benefits umbrella insurance provides, but the peace of mind it delivers. Chances are, you carry an umbrella in your car on sunny days because you never know when a storm might pop up. Your umbrella insurance policy offers the same kind of protection for unexpected legal storms that can ruin your financial outlook without that little bit of umbrella protection on your side.
CONTACT US
Bogle Agency Insurance, based in Bergen County, NJ, has served the insurance needs of New Jersey businesses and homeowners for over 100 years. As we prepare to move into our next century of service to the people who call this great state home, we’ve dedicated ourselves to providing professional, responsible, and practical advice about insurance policy purchases.
Call Bogle Agency Insurance today at (201) 939-1076 with all your questions about umbrella insurance and what it can mean for you. We’ll give you the answers you need and help you make informed decisions about insurance purchases now and in the future.