Understanding New Jersey Manufacturers Umbrella Policy What You Need to Know

When it comes to protecting your assets, having an umbrella policy is a smart move. New Jersey Manufacturers Insurance Company (NJM) offers an umbrella policy that provides additional liability coverage beyond your primary insurance policies. Here’s what you need to know about NJM’s umbrella policy:

What is an Umbrella Policy?

An umbrella policy is a type of liability insurance that provides additional coverage beyond what is offered by your primary insurance policies. It is designed to protect you from catastrophic losses that could occur if you were found liable for damages that exceed the limits of your primary policies.

Why Do You Need an Umbrella Policy?

If someone is injured on your property or in an accident involving your vehicle, you could be held liable for damages that exceed the limits of your primary insurance policies. An umbrella policy can provide additional coverage to protect your assets in the event of a lawsuit.

What Does NJM’s Umbrella Policy Cover?

NJM’s umbrella policy provides additional liability coverage for bodily injury, property damage, and personal injury. It also covers defense costs, which can be substantial in the event of a lawsuit.

How Much Coverage Do You Need?

The amount of coverage you need depends on your assets and your level of risk. NJM’s umbrella policy offers coverage limits up to $5 million. It’s important to talk to your insurance agent to determine the amount of coverage that is right for you.

How Much Does NJM’s Umbrella Policy Cost?

The cost of NJM’s umbrella policy depends on several factors, including the amount of coverage you need, your level of risk, and your insurance history. However, NJM’s umbrella policy is generally affordable and provides peace of mind knowing that you have additional protection in the event of a catastrophic loss.

In Conclusion

If you want to protect your assets and have peace of mind, consider purchasing an umbrella policy from NJM. It provides additional liability coverage beyond your primary insurance policies, which can be crucial in the event of a lawsuit. Talk to your insurance agent to determine the amount of coverage that is right for you, and enjoy the peace of mind that comes with knowing you are protected.

Introduction

– Definition of Umbrella Policy

– Importance of Umbrella Policy

Coverage of New Jersey Manufacturers Umbrella Policy

– Liability Coverage

– Property Damage Coverage

– Personal Injury Coverage

– Underinsured/Uninsured Motorist Coverage

– Additional Coverages

Benefits of New Jersey Manufacturers Umbrella Policy

– Increased Protection

– Cost-Effective Solution

– Customizable Coverage

Eligibility for New Jersey Manufacturers Umbrella Policy

– Requirement for Underlying Policies

– Limits and Deductibles

– Risk Factors

How to Apply for New Jersey Manufacturers Umbrella Policy

– Contacting an Agent

– Providing Necessary Information

– Reviewing and Accepting Policy Terms

Conclusion

– Recap of Benefits and Coverage

– Importance of Umbrella Policy for Protection and Peace of Mind