Excess Liability Insurance in MD, VA, PA & WV
Between all your other insurance policies, you might think you’re covered from any unexpected costs that come your way. But some issues might be more costly than you’ve expected, and if your coverage is too low, you’ll be picking up the rest out of pocket. Insurance is all about peace of mind, and excess liability insurance takes that comfort to the next level.
An excess liability insurance policy is used if and when your main policy has reached the coverage limit and is paid out in full. The excess policy then kicks in to pay any remaining costs.
This means the policy is less likely to pay out than a standard policy, in turn, the premium costs are comparatively lower.
It is different than umbrella insurance for a few reasons. First, umbrella insurance can cover some risks and situations not covered by the standard policy, while excess liability insurance simply adds on a higher payout limit.
Secondly, umbrella insurance tends to cover your own costs, while excess liability coverage tends to cover costs going toward someone else – hence the term liability. However, such distinctions in terminology aren’t always used consistently, so you’ll need to check exactly what your policies offer.
Excess Liability Insurance From Antietam Insurance
Antietam Insurance proudly offers the most comprehensive personal insurance policies in Maryland, Virginia, Pennsylvania, and West Virginia.
As an independent agency, we work for our clients, not the major corporations. That means we assess your risk and develop a customized plan to meet both your needs and your budget.
To find out more about how excess liability insurance gives you extra reassurance, contact us today!
