Patrick McNealis Insurance and Financial Group serves the community of Emmaus, PA with quality insurance services for all aspects of life. If you have been considering the coverage you have and wondering if it is enough, it may be time to discuss umbrella insurance coverage. Here are some common questions people have about this type of coverage:

FAQs About Umbrella Insurance Coverage

I am not wealthy, but I do have a lot of business assets. Do I need umbrella coverage? Your situation is exactly one that would benefit from umbrella coverage. If you have a lot of assets for your company, chances are you have a lot to lose if things go awry. A quality insurance policy can only cover so much. If you want to make sure you are fully protected, additional umbrella coverage could save your business in a worst-case scenario.
What is umbrella coverage? Umbrella insurance is an add-on policy that can add additional monetary protection for specific situations or items. Some people purchase an umbrella policy to get protection from litigation if they are to be in the public eye; others purchase an umbrella policy to cover a specific item beyond what their typical policy will cover.
Is umbrella coverage a legal requirement? No, you do not have to carry umbrella insurance legally. It is an add on to provide you peace of mind and significantly greater coverage, often for a small price each month on top of your commercial insurance.

If you live in or around the scenic Emmaus, PA area, contact us at Patrick McNealis Insurance and Financial Group to learn more about protecting your vital assets. We will be happy to answer any additional questions you may have about umbrella insurance and your specific situation.