Month: November 2021

Your Home Insurance Options

Posted on by admin

Whether you have owned a house for years already or are only now about to embark on the first purchase of a home, home insurance is vital to have for every homeowner. If you do already have a house, you should still look into regularly comparing quotes; you can get cheaper insurance or better coverage. We will try to explain some of the things to consider for home insurance when you look into it. 

You can call Singh Insurance and Financial Services LLC in Clermont, FL today to receive several quotes from our different providers. We will make sure to help you make sense of every single quote.

Liability insurance

Liability insurance comes with many different insurance types and is probably a term you have heard thrown around a lot. But it is indeed extremely important when looking into any insurance, but, in particular, for your home insurance.

Imagine these situations:

  • Someone visits you at your house and trips over the doormat. This visitor can technically sue you, especially if they are extremely hurt.
  • Your dog attacks someone in your house or garden. While this can be good if an intruder breaks into your home if your dog attacks someone you invited into your home, you could be liable for any damage caused to them.

Besides liability insurance, home insurance covers you for many different things, including damage to the structure of your property, damage to your property, as well as your valuable items. 

If you want new home insurance or review an old policy, you can call Singh Insurance and Financial Services LLC in Clermont, FL when you are ready or go to the website to fill in our quote form. 

Umbrella Insurance 101

Posted on by Michael Singh

Umbrella Insurance is a type of insurance that provides coverage over what you will receive with a basic automobile or homeowners policy, or also known as an extra layer of protection. It is commonly used for people wanting to protect their accumulated wealth from criminal acts, lawsuits and other types of liability. We will go over in this article everything you could want to know about this type of insurance.

Benefits

An example of where umbrella insurance would come in handy would be if someone fell and injured themselves at your house while trick or treating and decided to sue you. While basic liability insurance would not cover this, umbrella insurance would. Therefore, the biggest benefit of this insurance is coverage in the event of being sued. It would also protect your assets in the event of a lawsuit. Umbrella insurance is generally inexpensive and worth the investment to protect your wealth. 

How it Works

When you have used all the coverage given by your auto, boat or homeowners policy, umbrella insurance kicks in. It would be very useful to have this type of policy in the event of an accident that you caused. Your policy will kick in and cover any claim that someone would file against you.

What is Covered?

When your assets exceed the coverage on your auto or homeowners policy, umbrella insurance takes over. You will receive liability coverage over the following items with this insurance:

  • Some types of lawsuits
  • Injuries
  • Property damage
  • Situations that involve personal liability 

Things the Policy Will NOT Cover

  • Self inflicting injuries
  • Intentional property damage done by insured
  • Accidents from driving another person’s car or riding as a passenger in someone else’s car
  • Damage done to business used vehicles
  • Property that you own but is not listed on your Declarations Page

Examples Where You Would Use Umbrella Insurance

  • Protection of your assets in the event of court judgement being placed against you
  • Covering legal defense costs
  • Accidental bodily injury to yourself or others

We’d love to help you with all of your Insurance Needs. If you have any questions or if you’re ready to purchase your policy, email an agent here.