BARRIE KRAMER
Sharon Labay is by far the best insurance expert with a kindness that goes way beyond the business relationship. I have known her since 2000 and our phone conversations always end with me smiling and glad to have talked with her!
MELISSA LANDRY
I can't say enough about Sharon..she is currently working on my auto insurance to make sure I am not over paying. Her professionalism and quick response it great. Her knowledge on the insurance is vast so I feel very confident in my decision. I am so happy I was referred to Sharon.
DEBORA HILLIER
The folks at Feingold Insurance provided us with a competitive quote and it was tailored for our needs. We very much appreciate their prompt service as well. They return phone calls! That is something that everyone can appreciate for sure.
These are only a few examples of people who might want this type of coverage. Anyone who would feel better with a little extra protection may want to consider getting personal umbrella coverage.
As is the case with most insurance policies, many factors affect how much personal umbrella insurance costs. A person’s location, the activities they participate in, and the amount of protection they select all play a role, as do many other considerations. A stay-at-home parent in Worcester, MA who doesn’t participate in high-risk sports, for instance, will probably have different premiums than someone who commutes 60 miles via motorcycle into Boston, MA each day while being an avid boater in their free time.
Despite the variances in rates, however, personal umbrella policies tend to be highly affordable. Since they’re supplemental policies, insurance providers are often able to offer a significant amount of coverage for relatively low premiums. In many cases, policies offer millions of dollars in protection and still have affordable rates.
Since personal umbrella policies are supplemental policies, they often have requirements regarding the underlying, primary policies that a person must maintain. It’s important to meet a policy’s minimum underlying coverage requirements. For, if all requirements aren’t met, the personal umbrella coverages may be nullified. Ensuring that all the necessary underlying policies are in place can be a complex process.
Because the process can be involved, Massachusetts residents should work closely with an independent insurance agent when purchasing a personal umbrella policy. An independent agent can help residents compare available policies and select the best one for them, and an agent can also make sure all required primary coverages are in place.
