Category: Umbrella Insurance

Umbrella insurance is a type of coverage that is designed to work with the other policies that you maintain. The limits on this category of indemnification tend to be higher than what is offered on standard insurance. If you make a claim and the provisions on your primary policy are exhausted, your umbrella insurance is designed to pick up expenses at that point. 

Why Business Umbrella Insurance?

Business owners often choose to purchase umbrella insurance when their companies house inventory that exceeds the maximum levels of their commercial property insurance. It’s also generally recommended that entrepreneurs examine risks inherent to their industry to determine the type and amount of indemnification they need to buy. 

Companies that are exposed to greater risk due to operating expensive equipment or fleets of vehicles often opt for this protection as well. Your McCluskey Insurance Services LLC agent can give you more information and answer any questions you may have.

Umbrella insurance is completely voluntary and is not a requirement for those who live in Cincinnati, OH. It is an option that homeowners choose when their property has design features or rare possessions, such as antiques, that are difficult or costly to replace. Umbrella insurance for renters is similar in that it can insure your valuables to a higher degree. 

Landlords also benefit from this coverage, particularly if they own more than a rental. Boaters with pricey watercraft may need a higher cap when it comes to safeguarding their investment, as boating accessories can add significant value to their vessel. 

Contact Us Today

McCluskey Insurance Services LLC aims to support our Cincinnati, OH clients’ insurance needs, as we endeavor to safeguard them from financial loss. Stop by our office to discuss your situation in further detail, or we can be reached by phone or online. 

If you’re like most people in Cincinnati, OH, you love spending time by the pool. Whether relaxing with a book or entertaining friends and family, a private swimming area is a perfect way to enjoy the warm weather. But did you know that your homeowner’s insurance policy may not provide enough coverage if someone is injured while swimming in your pool?

Does My Homeowner’s Policy Cover My Pool?

Most homeowner’s insurance policies in Cincinnati, OH will provide some coverage for injuries on your property. However, the coverage may not be enough to cover the costs of a severe injury. If this happens, you could be held responsible for the difference. That’s why it’s vital to have umbrella insurance.

Your McCluskey Insurance Services LLC agent can help you understand your current policy and determine how much coverage you need for your pool.

What is Umbrella Coverage?

Umbrella insurance is an additional layer of protection that can help cover the costs of a lawsuit or settlement if you’re liable for an accident. It can also provide coverage for injuries off of your property, such as at a party. The amount of coverage you need will depend on the value of your assets and the amount of coverage you already have.

How Much Umbrella Coverage Do I Need?

The amount of umbrella coverage you need will depend on your asset’s value and the coverage provided by your homeowner’s insurance policy. You should talk to your insurance agent to determine the right amount of coverage for you.

Umbrella insurance is a crucial way to protect yourself and your family. If you have a pool, ensure you’re adequately covered in an accident. Talk to your McCluskey Insurance Services LLC agent today to learn more.

In Cincinnati, OH, McCluskey Insurance Services LLC offers many types of insurance, but one of the most useful, umbrella insurance, you can only buy when you already have another, primary policy. That’s because umbrella insurance is secondary insurance, meaning that you add it to a primary policy.

Umbrella insurance adds to your liability coverage. You can only add this policy to a primary insurance policy that already includes liability coverage. That means you can add it to auto, home, commercial, RV insurance and others that include liability coverage.

When you file a claim on the primary policy, it can run out of liability coverage quickly. This is especially true of auto insurance. The umbrella policy kicks in when your liability on the primary policy runs out. As long as you have an umbrella policy, it automatically kicks in to cover what the primary did not.

The result of this is less money out of your pocket. You won’t have to pay for a settlement out of pocket.

Without the umbrella policy, if someone got injured in an auto accident you caused after your auto insurance liability coverage paid out, it would be up to you to pay the remainder of the settlement or medical bills. You would have to pay for that out of your own pocket.

Contact McCluskey Insurance Services LLC serving Cincinnati, OH to find out why the low cost of umbrella insurance makes good investment sense. Save yourself from needing to borrow money out of your savings or retirement to pay off a settlement. Add umbrella insurance to your primary coverage today. Let us help you set it up.