Umbrella Insurance

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:

  1. It provides excess liability limits above the policy limits on your [primary] home, auto, boat and other general insurance policies.
  2. 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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Testimonials

  • 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.

    Sheila S.
  • Ready To Assist Staff there are always ready to assist me in a most excellent and courteous manner!!  I have been doing business with Founders for a long time and see no reason to change.  They find me the best rates and I appreciate this quality service from my insurance company.

    Georgie S.
  • Very Pleased Janice Pottie was extremely helpful in finding a better rate for both our home and boat insurance, and I am very pleased with how quickly she was able to obtain the quotes and make the arrangements with the new insurance companies.

    Peter T.
  • We Saved a Lot of Money I was very satisfied with the professional and friendly service I received when I came into Founders Insurance Group in Wolfville. We saved a lot of money on our home and auto insurance!

    B. MacDonald
  • Very Friendly We are very happy with Founders Insurance Group. The local staff is very friendly and they all treated us with respect as they worked toward making sure that we received all the discounts we were eligible for. We recommend Founders Insurance Group to all of our friends.

    M. Smith

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