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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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.
Going the Extra Mile From working in customer service myself, I know it can be a challenge dealing with all types of people. Sadly, the public is the first to make a complaint, but never a thank you, it seems. Peter Aalders was a pleasure to deal with and certainly gave me the information accurately and promptly. Peter even commented on the discounts he applied and the different companies he contacted to give me the info I needed to make my decision. That was the 'extra mile' he gave to an unknown caller. Thank you for such prompt response and being so courteous on the phone to me, including the receptionist!
A Quick Turnaround Peter was fantastic! I called in a bit of a panic needing insurance on my rental. Being out of the province, I thought things would take a while and be much more difficult. However, with Peter taking care of it, he had everything completed and the insurance active within a couple hours. He was simply amazing. Thank you Founders Insurance for taking this stress off my plate and putting my mind at ease.
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.
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!
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