Insurance provides a vital service for most people. It protects their home, vehicles, health, and life. Most types of insurance coverage are pretty cut and dry. You know why you have auto insurance and what it does for you. Umbrella insurance is not quite so clear cut. Many people have no idea why it is valuable and what it can do for them. At Sloan Insurance Agency in Elmer, NJ, we serve the Tri-State area and have since 1948. We are a full-service independent agency with many years of experience. 

Many insurance policies have a liability component. You don’t need to own a home to benefit from liability coverage. It is also included with the vehicle, renters, and boaters insurance to name just a few. Umbrella insurance provides a supplemental layer of liability protection. Why do I need more liability protection?  Most traditional policies have a limited amount of liability protection. It has become common for people to resort to legal action when they are injured by something considered negligence or where another party is at fault. 

No one wants to get sued, but it can be very costly if it happens, and any assets you have could be at risk. You don’t have to be wealthy or have a huge number of assets to be sued. That is why umbrella insurance is a good idea for almost everyone. The only people who really can’t benefit from it are those who own nothing of value and don’t have a job whose wages could be assigned. For the rest of the world, umbrella insurance is an affordable way to protect what you have worked so hard to accumulate. 

Contact Sloan Insurance Agency in Elmer, NJ for all your insurance needs. If you have questions about umbrella insurance, give us a call, stop by our office, or email an agent. We are here to help.