{"id":415,"date":"2022-07-29T04:00:00","date_gmt":"2022-07-29T04:00:00","guid":{"rendered":"https:\/\/www.martininsuranceteam.com\/blog\/?p=415"},"modified":"2022-08-30T13:09:56","modified_gmt":"2022-08-30T13:09:56","slug":"umbrella-insurance-comes-in-personal-and-business-forms","status":"publish","type":"post","link":"https:\/\/www.martininsuranceteam.com\/blog\/umbrella-insurance-comes-in-personal-and-business-forms\/","title":{"rendered":"Umbrella Insurance Comes in Personal and Business Forms"},"content":{"rendered":"<p><span style=\"color: #0e101a;\">In Ft Myers, FL, you might purchase an umbrella insurance policy for your home insurance policy to add to the liability coverage, but wish you could buy one for your business, too. Well, you can.<\/span><\/p>\n<p><span style=\"color: #0e101a;\">Martin Insurance Team offers umbrella policies for business and personal needs. You\u2019ll purchase two separate umbrella policies because you can buy one for business and one for personal use. Still, you can\u2019t cover your business and personal coverage on the same policy.<\/span><\/p>\n<h2><strong><span style=\"color: #0e101a;\">What Does Umbrella Insurance Do?<\/span><\/strong><\/h2>\n<p><span style=\"color: #0e101a;\">When you purchase the primary policy, such as home or business liability, it provides a specific level of liability coverage. Typically, that coverage amount tops at half a million dollars or less. Your primary or central policy\u2019s liability coverage equals the amount provided as a cap in the insurance papers.<\/span><\/p>\n<p><span style=\"color: #0e101a;\">An umbrella policy, a secondary policy, offers only liability coverage. It typically starts with a one million dollar coverage option. When the liability coverage in your primary policy pays out ultimately, your umbrella policy kicks in and pays the rest of the liability you incurred.<\/span><\/p>\n<p><span style=\"color: #0e101a;\">If you hosted a party where a fire occurred and three people incurred burn injuries, your primary or home policy would pay for your liability first. It would cover as much of their hospital, rehabilitative\/physical therapy bills as its policy maximum allowed.<\/span><\/p>\n<p><span style=\"color: #0e101a;\">With three individuals, this could easily exceed the primary policy maximum of $25,000 to $50,000. The umbrella policy covers up to $1 million of liability, so if the three individuals sued you, this policy would pay the settlements.<\/span><\/p>\n<p><span style=\"color: #0e101a;\">A business umbrella policy works the same way. If a fire occurs at your business and injures three customers, the business liability primary policy covers up to its policy cap. After that, your business\u2019s umbrella policy kicks in to cover the hospital bills and settlements.<\/span><\/p>\n<h3><strong><span style=\"color: #0e101a;\">Contact Us Today<\/span><\/strong><\/h3>\n<p><span style=\"color: #0e101a;\">Contact Martin Insurance Team serving Ft Myers, FL to purchase an umbrella policy for your business and to purchase a policy for your personal needs. Let us help you protect your financial security.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Ft Myers, FL, you might purchase an umbrella insurance policy for your home insurance policy to add to the liability coverage, but wish you could buy one for your business, too. Well, you can. Martin Insurance Team offers umbrella policies for business and personal needs. You\u2019ll purchase two separate umbrella policies because you can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[44,34],"class_list":["post-415","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-ft-myers-fl","tag-martin-insurance-team"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/posts\/415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/comments?post=415"}],"version-history":[{"count":2,"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/posts\/415\/revisions"}],"predecessor-version":[{"id":424,"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/posts\/415\/revisions\/424"}],"wp:attachment":[{"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/media?parent=415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/categories?post=415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.martininsuranceteam.com\/blog\/wp-json\/wp\/v2\/tags?post=415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}