Excess or Umbrella Insurance in Mystic, CT
Unexpected events can lead to costly liability claims that put your assets at risk. Our team at Specialty Coverage Insurance Agency explains how excess insurance can extend coverage beyond the limits of standard policies.
Understanding Excess and Umbrella Coverage 
Excess insurance provides additional liability coverage beyond the limits of underlying policies. Umbrella insurance is one of the most common examples of excess coverage, but its scope can be broader than other excess policies:
- Excess liability insurance: This coverage can cover claims beyond the limits of an existing liability policy, such as auto or general liability insurance. It typically only applies after the underlying policy is exhausted, and it follows the same terms and conditions.
- Umbrella insurance: Umbrella policies extend the limits of your primary liability coverage, and may also broaden coverage to include certain claims not included in your base policies. This can include claims of personal injury, libel or slander, depending on the policy.
Why Additional Liability Coverage Matters
Standard liability policies have limits that, once exceeded, may leave you or your business responsible for substantial out-of-pocket costs. Excess or umbrella insurance can:
- Protect personal assets, such as your home or savings, by covering large claims
- Support business finances and operations
- Cover legal fees, settlements or judgments that exceed standard policy limits
- Add another level of liability coverage for high-net-worth individuals and business owners
How Our Team Can Help
Specialty Coverage Insurance Agency reviews your risks to help you secure excess or umbrella insurance options that fit your needs. Contact us today to discuss your coverage and get a free custom quote.