Dartmouth Umbrella Insurance
Extra cover you may need
We can talk a lot about Umbrella insurance, but to keep it simple, think of it as extra liability insurance over and above your primary insurance policy(ies) that is designed to help protect you from major claims and lawsuits.
How Umbrella Insurance protects you and your assets
Umbrella insurance protects you, the insured, in two ways:
- It provides excess liability limits above the policy limits on your [primary] home, auto, boat and other general insurance policies.
- Umbrella policies can provide you with broader coverage; that is, even if your primary policy does not provide that coverage, you could look to your umbrella policy to cover the claim. If the umbrella responds to the claim, it ‘drops down’ becoming your primary policy (hence the term, ‘drop-down effect’). Since you have not yet paid a deductible, you will have to pay the policy’s ‘SIR’ (self-insured retention, which is a deductible: the portion of the claim you must pay first before the Insurer pays).
Who needs to purchase Umbrella Insurance?
If you have a lot of assets, this could mean you could be fined more because you have more. It’s an unfair possibility – but if the courts feel the victim deserves the compensation for sustained bodily injury or property damage and feels that you, as the responsible party, have the means to pay it, then having Umbrella coverage could protect you.
Suzy Maclellan has provided some additional information on video – feel free to view at your leisure. If you have any additional questions, or if you would like us to quote and discuss this coverage with you further, contact us!
Halifax – Dartmouth Insurance at Founders Insurance Group
For a quote on Umbrella protection, contact Founders Insurance Group today. Founders has insured the people of Nova Scotia and New Brunswick since 1982. We know how to protect your assets and our goal is to provide you the information, as well as the coverage, so you can better protect your assets.
Complete the Protection Savings Form on the right-hand side of the screen while it’s still fresh in your mind. You will receive a free, no obligation umbrella insurance quote.
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I wanted to put in a good word for Janice who has been absolutely excellent to work with. I had been with another company for many years and was just introduced to Janice via my boyfriend this year. She has been very efficient and knowledgeable! A real pleasure to work with.
Beyond the Call of Duty My daughter and I were in a car accident on December 11th. I was told on December 22nd that my car was a total loss. I was called by Janice Pottie on December 23rd to let me know that the cheque had arrived. I was very thankful for her call and email. She had told me which documents I needed to pick up the cheque. I arrived after the office was closed, however Steven Taylor stayed late until I arrived. I arrived with the wrong paperwork. I then asked Stephen if he could meet me in the office once I found my paperwork, which we thought would be between Christmas and New Year. However, I had gotten home and found the paperwork that Aviva required. I called Stephen and he came back to the office to meet me! In my opinion, that is way above the call of duty! I have so much respect for him and I want to let you know that he deserves to be thanked. Again, hats off to your company and the fabulous staff you have working there! Again, from the bottom of my heart: Stephen, thank you so much! All the best in the new year!
No Regrets I have been with Founders Insurance Group for many years now and found their service and professionalism to be number 1. My broker not only found me the lower price, but also the most coverage for that price. I've passed the word to all of my friends and family and not one of them has ever regretted switching to Founders. I will continue to use Founders Insurance Group for many years to come.
Coverage We Need, Rates We Can Afford I went to Founders Insurance in the Lunenburg office 20 years ago at the age of 23 when I bought my first new car. I lived in Bridgewater at the time, but had been told of the great service and reasonable rates in Lunenburg by a few friends. I was not disappointed! I have been dealing with Karen Wardell since that time. I got married, purchased several vehicles, two homes and started a business with my husband in the 20 years after that and Karen has always been there to help us find the balance between having the coverage we need at rates that we can live with. We have had a few accidents along the way and Karen's service has always been consistent, professional and understanding. I live away from Lunenburg now, but have no trouble dealing electronically with the office.
WRASCIALLY WABBIT?!? We have been with founders for 17years! Recently we were driving on the Highway when a Rabbit yes a Rabbit literally jumped out in front of our Newer Sante Fe and jumped right at our Vehicle!!! We thought wow bet that will leave a mark. When we got to our destination you can imagine our shock when part of the rabbit was still in our bumper!! I called Janice Pottie whom I have dealt with for years and she advised us quickly on what to do and we called the 1800 number to report it. Janice has always been so great with us, its like I have known her for years and have never met her in person. Liam was great to deal with and followed up to make sure we were happy with the work done, the rental etc. Who would have known a "WRASCIALLY WABBIT" could cause so much damage!!! Thanks again.
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