Commuting to and from work and school, having your friends and family over, posting on social media, volunteering—these are all things you and your family probably do on a regular basis. It may never cross your mind that participating in these everyday activities could result in an accident or injury that leads to a hefty lawsuit against you. But thinking about these types of things is exactly what we do at Bearingstar. Our professionals regularly consider many of the worst-case claims scenarios and how they may impact you and your loved ones. Whether you’re involved in an at-fault multi-vehicle pileup, a guest slips and falls in your home, or you’re sued for defamation because of a derogatory Yelp review, it can have significant and lasting financial repercussions. To help protect you from this growing risk, we strongly recommend considering umbrella insurance and the extra layer of personal liability coverage this policy provides.
What Makes Getting Umbrella Insurance Such a Smart Choice?
If you’re held responsible for another person’s injuries or personal property damage, having broad personal liability coverage is critical. While your current car, home, condo, apartment, and boat insurance policies do include a limited amount of liability protection, it’s risky to rely just on these primary insurance policies to cover today’s soaring medical and legal costs. By doing so, you could be left paying out of pocket for much of what you owe. However, if you have umbrella insurance, it provides additional personal liability protection once you max out the limits of your other insurance policies. That’s one reason umbrella insurance is a smart choice, but there are many others, including:
- It’s often extremely affordable—you may be able to get $1 million in coverage for as little as a dollar a day, and the premium goes up minimally for every extra $1 million in coverage you select.
- It may expand your liability coverage to false arrests, libel, vandalism, slander, and invasion of privacy.
- It typically increases your personal liability coverage limits for incidents worldwide.
How Do You Know if You Need an Umbrella Insurance Policy?
The Bearingstar team is happy to discuss umbrella insurance with you further, guide you through the eligibility requirements, and help determine if this coverage may benefit you based on your family, lifestyle, and assets. There are numerous personal liability factors that may indicate you would benefit from umbrella insurance, including:
- Commuting for work, whether short or long distances
- Driving extensively in heavy traffic areas, on high-speed routes, or during rush hour
- Having teenage or elderly drivers in the household
- Volunteering, serving on a board, or coaching youth sports
- Employing household staff
- Owning a boat, RV, or motorcycle
- Owning rental or investment properties
- Owning a home with a trampoline, hot tub, or swimming pool
- Hosting gatherings at your home, from one visitor to large parties
- Owning a pet
- Having substantial wealth and/or nonretirement investments
- Using social media to give your opinion
This Is What We Love to Do
Educating customers on how to protect what is most important to them, providing insurance solutions that are easy to understand and competitively priced, and backing it all up with exemplary service—these are the things every Bearingstar team member is passionate about.
What Makes Bearingstar Different?
At our core, we are an agency focused on making a positive difference in the lives of people, from the customers and communities we serve to our employees working and living across Massachusetts and Connecticut. Click on any of the company principles to the right to learn more about how we strive to fulfill our collective personal and professional mission every day.
People FirstGood CitizenshipDiversity & InclusionStrength & SecurityBest-in-Class Performance
We always prioritize the person (not the transaction) and focus on building enduring relationships with customers and employees through positive, caring, and respectful interactions.
We take great pleasure in collaborating with people and organizations in the communities we serve and enjoy engaging in opportunities that allow us to give back and make an impact.
We are strongly committed to meeting the needs of the diverse individuals, families, business owners, and employees we support.
We have been here for our customers for over 25 years, and being backed by a long-standing and financially stable mutual assurance company means we are here for the long term.
We constantly seek new ideas, opportunities, and methods of doing business to ensure that we remain the benchmark for responsiveness and adaptability to customers’ ever-evolving needs.
