Understanding the Benefits of New Jersey Manufacturers Umbrella Policy

As a responsible citizen, it is essential to ensure that you and your loved ones are protected from unforeseen financial risks. Accidents and emergencies can happen anytime, anywhere, and the cost of damages can be enormous. That is why having an umbrella policy from New Jersey Manufacturers Insurance Company (NJM) can provide you with peace of mind and financial security.

What is an Umbrella Policy?

An umbrella policy is a type of insurance that provides additional liability coverage beyond the limits of your primary insurance policy. It offers an extra layer of protection against unexpected events that may result in costly damages or legal fees. For instance, if you are involved in a car accident and the damages exceed your auto insurance limit, your umbrella policy will cover the remaining costs.

Understanding the Benefits of NJM Umbrella Policy

NJM offers umbrella policies that provide coverage for personal liability, excess auto liability, and excess liability for homeowners, renters, or condo insurance policies. Here are some benefits of NJM umbrella policy:

1. Increased Liability Coverage

NJM umbrella policy provides coverage up to $5 million, which is significantly higher than the limits of most primary insurance policies. This means you can rest assured that you and your assets are adequately protected in case of a catastrophic event.

2. Protection for Non-Covered Events

An umbrella policy can provide coverage for events that are not covered by your primary insurance policy, such as libel, slander, or defamation. It can also cover damages caused by your pet or injuries that occur on your property.

3. Affordable Premiums

NJM offers umbrella policies at competitive rates, which means you can get additional coverage without breaking the bank. Moreover, if you have multiple policies with NJM, you may be eligible for a multi-policy discount.

4. Peace of Mind

Having an umbrella policy can provide you with peace of mind knowing that you and your loved ones are protected from unexpected financial risks. It can also protect your assets and future earnings from potential lawsuits.

Conclusion

In conclusion, an umbrella policy from NJM can provide you with additional liability coverage, protection for non-covered events, affordable premiums, and peace of mind. It is essential to understand the benefits of an umbrella policy and how it can protect you from unforeseen financial risks. At NJM, we are committed to providing our customers with excellent service and comprehensive coverage. Contact us today to learn more about our umbrella policies and how we can help you protect your assets and financial future.

Introduction

– What is an umbrella policy?

– Why is it important to have one as a New Jersey Manufacturer?

Coverage Limits

– How much coverage can be added with an umbrella policy?

– What types of incidents are covered by an umbrella policy?

Protection for Personal Assets

– How does an umbrella policy protect personal assets?

– What happens if a lawsuit exceeds the limits of other insurance policies?

Protection for Business Assets

– How does an umbrella policy protect business assets?

– What types of incidents may put business assets at risk?

Cost of an Umbrella Policy

– How much does an umbrella policy cost?

– Is the cost worth the added protection?

Conclusion

– Why is it important for New Jersey Manufacturers to consider an umbrella policy?

– How can an umbrella policy provide peace of mind for both personal and business assets?