Life Insurance: Questions to Ask Before You Buy
Start With the People Who Depend on You A life insurance review begins with your household, responsibilities, and goals. Think about the income you contribute,
Umbrella Insurance
Extra Personal Liability Protection
Personal Umbrella Insurance
A personal umbrella policy adds a layer of liability protection above specified underlying policies, such as home and auto insurance. It may help with a covered claim that exceeds the applicable underlying limit.
Understand the Limits
Umbrella insurance has its own conditions and exclusions. It is not a substitute for insuring your home or vehicle against physical damage, and business-related risks may require separate coverage.
Questions for Your Review
- Which home, auto, or other policies must be listed?
- What minimum underlying liability limits must you maintain?
- Which household members and exposures are included?
- How are defense costs, exclusions, and any retained amount handled?
Have your current policy declarations available and tell us about rental property, additional vehicles, or changes in your household. This gives us a starting point for a discussion about suitable limits and available options.
The NAIC Consumer’s Guide to Home Insurance includes background on personal umbrella liability coverage.
Talk With Milber Multi Services
Tell us about your needs and ask for a coverage review. Call 908-603-7500 or contact our Oradell office.
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