Click to Call
Get Directions
Life can hand you a lot of lemons sometimes, and it is important that you and your business are covered. Sometimes, that coverage is not enough–thankfully, there is excess insurance. At McCormick Insurance Inc., servicing Pembroke Pines, FL, we understand the need for something dependable that goes more than just standard coverage. We can help you explore your coverage options.
Excess insurance is often confused with umbrella insurance coverage. Both of these types of insurance work in conjunction with what you currently have. Excess and umbrella insurance also go beyond your current coverage—just in different ways.
While they are similar, they have some major key differences. Excess insurance just simply extends the limits of what is covered in your current policy. Excess insurance can be purchased at both the personal and commercial level, making it a great option for smaller or mid-size businesses that cannot afford the full extent of umbrella insurance. Life can be unpredictable at times, you want to make sure that everything is covered and that your policy is appropriate for you and your business.
It can be hard to differentiate between umbrella insurance and excess insurance, which can make it hard to find the right policy and coverage for you and your business. By calling a McCormick Insurance Inc. representative, you can cut through all the confusion and dead ends and understand what it means to you. We know that your time is valuable, so it is important to us that you get back to what matters.
The likelihood that you or your business find yourself in a drastic scenario is slim, however, it is never impossible. And in this ever-changing world, it can be comforting to know that you are protected when life throws a hurricane at you. Speaking of hurricanes… excess insurance can come in handy for those nasty Florida storms that can destroy your home or business to a further extent than your current coverage.
Excess insurance works in conjunction with a current policy. It simply has a higher limit to your coverage and kicks in once your primary insurance has been exhausted. Hence the reason it is called excess. Excess insurance does not cover anything outside what is currently covered under the primary policy.
There are many benefits to having excess insurance. It can be a financial lifesaver to many small businesses and personal policyholders. You never know when lightning strikes twice—so it is key to have excess insurance to protect you against the unforeseen events of life.
When it comes to insurance, you do not want to be left short. And that is where excess insurance comes in handy. From covering everything from medical bills to auto repairs to lawyer fees, excess insurance can keep you and your business from going under. Just because it does not increase the scope of your insurance does not mean that excess insurance is not beneficial.
If you currently have an excess insurance policy, it can be helpful to find out the extent of coverage. Your present policy may not cover everything your company needs or wants it to protect in the event of an emergency. If you find that your excess coverage is out of touch with your company or is not a good fit anymore, it may be time to update your policy.
To find out more about the advantages that excess insurance can give you or to find the right policy for you, please contact us at McCormick Insurance Inc., servicing Pembroke Pines, FL. Our agents are here to answer any questions you may have about excess insurance and explore coverage options.