Are You Properly Covered?

• What is an umbrella policy?

  It is a policy that provides you with $1 million dollars of liability protection. In most cases it is an excess of your home and automobile policies. However, in some cases it can provide coverage where your other policies do not.

• What will an umbrella policy do for me?

  Most likely your Erie Automobile policy has a per person limit of $250,000, your “umbrella” policy would then provide an additional $1 million dollars coverage. Without it, you would be responsible for any portion of the settlement over $250,000. In addition it provides excel liability on homeowner claims in excel of your standard liability listed on your policy. Also, if you do not have an umbrella policy, Erie’s duty to defend ends when your underlying limit has been reached.

• Still not sure you need more liability coverage?

  Check the newspapers. You will find many situations where lawsuits exceed the limit of liability on your current policies. Ask around. We are not the only ones that suggest purchasing this coverage. Man of policyholders call on the advice of their lawyers and accountants.

• But is it expensive?

  Not at all – the average family with one home and two automobiles can get a policy for about $163. Add $30 for each additional auto; $85 if there are drivers under 24; subtract $30 if you have only one auto. Other charges/credits can apply but this will give you an idea of the cost.

• How can I get an “umbrella” policy?

  Call our office at (215) 891-9990 and we will get some rates together for your specific needs.

• Can I get more that $1 million?

  Yes, however Home Office approval is required. Simply give our office a call and request a policy for $2 million.

CALL GANNON INSURANCE TODAY AT (215) 891-9990

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