{"id":90,"date":"2024-08-30T04:00:00","date_gmt":"2024-08-30T10:00:00","guid":{"rendered":"https:\/\/www.landsagency.com\/blog\/?p=90"},"modified":"2024-08-23T12:28:24","modified_gmt":"2024-08-23T18:28:24","slug":"whats-umbrella-insurance-and-do-you-need-it","status":"publish","type":"post","link":"https:\/\/www.landsagency.com\/blog\/whats-umbrella-insurance-and-do-you-need-it\/","title":{"rendered":"What’s Umbrella Insurance and Do You Need It?"},"content":{"rendered":"

Understanding Umbrella Insurance in Buffalo, NY<\/h2>\n

With various insurance options available today, making informed choices requires understanding how different types of policies work. At L & S Agency Inc., serving Buffalo, NY, and the surrounding areas, we aim to educate our clients about these matters. Here, we’ll discuss a few key points about umbrella insurance.<\/p>\n

What is Umbrella Insurance?<\/h3>\n

Umbrella insurance is a policy designed to cover expenses that might still be outstanding after another policy has been exhausted. Every insurance policy has a maximum payout amount. Once this limit has been reached and there are still costs to be covered, the policy is considered exhausted. In such instances, you would generally be liable to pay the remaining expenses out of pocket.<\/p>\n

You can avoid these potential out-of-pocket costs by purchasing an umbrella policy. This type of policy can be added to an existing one and is designed to cover the remaining expenses after the primary policy has been exhausted.<\/p>\n

Who Should Consider This Type of Policy?<\/h3>\n

Umbrella insurance provides an extra safety net for anyone desiring additional protection. However, it’s particularly critical for those who own many assets or a business. In a liability situation where your regular insurance policies are exhausted, your other assets could potentially be at risk. Umbrella insurance protects your financial health in such scenarios.<\/p>\n

If you’d like to know more about umbrella insurance, please get in touch with us today at L & S Agency Inc., serving Buffalo, NY, and the surrounding areas.<\/p>\n","protected":false},"excerpt":{"rendered":"

Understanding Umbrella Insurance in Buffalo, NY With various insurance options available today, making informed choices requires understanding how different types of policies work. At L & S Agency Inc., serving Buffalo, NY, and the surrounding areas, we aim to educate our clients about these matters. Here, we’ll discuss a few key points about umbrella insurance. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5,6],"class_list":["post-90","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-buffalo-ny","tag-l-s-agency-inc"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t