What You Must Know About High-Limit Umbrella Insurance

High-limit umbrella insurance can significantly relieve those needing more than a regular homeowners’ insurance plan. High-net-worth families enjoy access to many resources that the average person might not have. Along with these perks come an array of liabilities that the average person does not have to worry about. High-value homes are a perfect example of this — although they may be luxurious and expansive, they may also be more costly to repair and more prone to risk. Luckily, high-limit umbrella insurance offers protection in these scenarios.

How You Can Use High-Limit Umbrella Insurance

If you’re considering investing in a policy like this, consider the following four things to know about high-limit umbrella insurance.

Protect Your Home With High-Limit Umbrella Insurance

You can protect many assets with a high-limit insurance policy, but homes are the most common. Luxury homes are uniquely susceptible to risk because they often feature exclusive details and costly finishes that would be difficult or impossible to replace. A high-limit insurance policy shields you from the financial loss that could occur if any of these features sustained damage or an accident destroyed them. Standard homeowner’s insurance does not cover many of these liabilities, so this is a great way to protect the value of your home.

Your Existing Coverage May Not Be Enough

Before committing to a new insurance policy, look at your current coverage and see what it includes. In some cases, your homeowner’s policy may offer high-limit coverage, but it’s still unlikely to match the protection that a high-limit umbrella insurance policy provides. An umbrella policy is particularly beneficial because it covers liabilities that fall outside the limits of a standard insurance policy — including a typical homeowner’s policy. It is essential for high-net-worth individuals and families who must take steps to protect their assets.

You May Face Exposures That Other Policies Don’t Cover

It is, unfortunately, true that wealth can expose you to unique liabilities. You might become a target for fraud or theft, for example, or cybercriminals may single you out in a hacking attempt. These risks pose a viable threat to your home, assets, and family, so it’s crucial to invest in protection against losses. Even if your home insurance accounts for the value of your home, it cannot cover the other various liabilities you face — but a high-value umbrella policy can.

Find the Right High-Limit Umbrella Insurance Policy

Umbrella insurance is one of the most versatile and valuable forms of coverage you can invest in. In addition to the protection it affords your home, it shields you from the various liabilities that often face people with wealth and assets. You can find the right high-limit umbrella insurance policy by taking an inventory of all your liabilities and partnering with an agent.

About Byrnes Agency

At Byrnes Agency, we offer insurance solutions that can be tailored to meet your specific needs. Whether you’re looking for personal policies or commercial coverage, we have the right coverage for you. To learn more about our products, contact us today at one of our two locations.

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Dayville Office

Phone: (860) 774-8549 

394 Lake Rd

Dayville, CT 06241

United States


Hours of Operation: Monday- Friday 9:00am-5:00pm

Norwich Office

Phone: (860) 886-5498 

6 Consumers Avenue

Norwich, CT 06360

United States


Hours of Operation: Monday- Friday 9:00am-5:00pm

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