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Newmarket, NH 03857

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How Umbrella Insurance Works

Umbrella insurance is also known as catastrophic insurance. Liability claims and damages can easily exceed the limits of your primary policy, which can truly create a financial catastrophe. At Keslar Insurance Agency in Newmarket, NH, we offer umbrella policies to provide the coverage you need if the worst happens.

What Is Umbrella Insurance? 

Umbrella insurance functions as a secondary personal liability policy. All insurance policies have coverage limits. The limits of your primary policy are designed to cover most claims. If your financial liability exceeds the coverage limits, you are left to pay the difference. This can put your assets and your financial future at risk. An umbrella policy provides coverage when your primary policy limit is exceeded and covers the difference up to its coverage limit. 

Coverage Limits

Umbrella insurance requires you to have certain coverage limits on your primary policies, but that still may not be enough in certain circumstances. A multi-car pileup or an accident where someone is permanently injured can easily exceed coverage limits. This is when umbrella insurance kicks in. Most umbrella policies are sold in increments of a million dollars, beginning at one million and going up to five million. 

What Umbrella Insurance Covers

Most umbrella policies will cover you and the members of your household. It will cover claims that exceed your auto, home, and watercraft or recreational vehicle policies up to its coverage limit. Umbrella coverage may cover things not included in your primary policies as well. 

In most cases, umbrella insurance won’t cover damage to your property or your medical bills. It doesn’t cover damage inflicted intentionally, or claims related to a business you own. However, it does provide you with excess liability protection, usually worldwide. 

At Keslar Insurance Agency, we know the risks residents of Newmarket, NH face. Accidents can be very costly, and you can quickly lose everything you’ve worked for. If you want the extra peace of mind that comes with an umbrella policy, contact us today to get started. 

Keslar now offers Progressive Homeowners Insurance

The team at Keslar Insurance is proud to announce that we have been selected to offer Progressive Insurance Homeowners policies in New Hampshire.

We are excited to offer this new product to our clients. Progressive home policies will further round out our insurance offerings to our clients so we can really match the right product to their needs.
This will be a great option for both our customers who currently have progressive auto insurance policies and want to benefit from the home and auto bundled discount (an average savings of 12%). And it will be a great alternative to those who aren’t progressive customers yet, but the pricing and coverages are the right fit for them.

Most people know Progressive for their great policies for autos, motorcycles, boats, and other toys. This new product offering includes homes, condos, and renters policies. Since 1937 drivers have trusted Progressive for their car insurance. Headquartered in the Cleveland suburb of Mayfield Village, Ohio, Progressive has more than 33,000 employees in almost 400 offices throughout the country. The common shares of the Progressive Corporation are publicly traded at NYSE:PGR.

To learn more about this great product or any other insurance questions, don’t hesitate to reach out to us! We love to help! 603-273-0953


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