How Does an Umbrella Policy Work?

Umbrella policies in Harrisburg, PA kick in once you have maxed out coverage on your homeowners or auto insurance policy. You can’t just have an umbrella policy without first have primary coverage.

If you get into a car accident, the medical bills and costs to repair the property that was damaged could exceed your insurance on its own. For example, if multiple people are injured and your auto insurance only covers $500,000 between bodily injury and property damage, but actual costs are $1 million, the umbrella insurance will help pay for the rest. This way, you don’t have to go into your savings and other assets to pay the rest of it. The more assets you have, the more you are at risk for losing them, which demonstrates the need for umbrella insurance.

Many umbrella policies start at $1 million in Harrisburg, PA. You may be thinking that you can just increase the coverage on your auto and homeowners insurance and not worry about this type of policy. However, it can be cheaper to get an umbrella policy, instead of increasing coverage limits, and some auto and homeowner policies may max out at a certain level. In addition, an umbrella policy can provide some extended coverage such as for slander, libel, false arrest, or wrongful eviction. It also includes lawyer fees if you have to defend yourself.

Even though umbrella policies cover a multitude of things, it’s important to remember that they don’t cover everything. Check with an agent at Henderson Insurance Agency for any questions regarding coverage. Any damages that are expected or intended by the insured won’t be covered. Certain exotic vehicles, such as jet skis and aircraft, and associated damages caused, are not covered. Any damages to your own property are also not covered. Depending on how the damages were caused, they may be covered under the homeowner’s policy, but the umbrella policy will not kick in.

Contact Henderson Insurance Agency for a quote on umbrella insurance.


When Do I Need Toy Insurance in Harrisburg?

As a toy store operator, you will be responsible for more than just your inventory. Because you are selling to people of all ages, the state of Pennsylvania expects you to be responsible for the well-being of the people on your premises.

These people often include young children who can create accidents unexpectedly. The protection mechanism that you have is insurance specific to toy stores. Let’s take a look at what kind of coverage or business needs in order to remain in compliance with state law, local ordinance and good business practices.

  • General liability – This is a basic type of policy that will protect your business against personal injury and liability if someone is injured by your toys inside of your store. Additionally, you get coverage against completed operations, so you have protection against missing pieces inside of toy packages that may cause a malfunction and injury.
  • Commercial auto insurance – If you are using a vehicle for your toy store for any reason, then you definitely need business auto insurance. This is especially true if you’re using your vehicle to make deliveries or pick up supplies. You may even need commercial auto insurance if you drop off bank deposits with the same car every day.
  • Business property insurance – You must also get a separate policy for the physical store that is housing your toys. If something causes damage to the store itself, this is not covered by any sort of personal or business liability insurance. You also get coverage from inclement weather or other unforeseen events that could damage your infrastructure.

The Henderson Insurance Agency provides the community of Harrisburg, PA and surrounding areas with toy insurance. Give their dedicated experts a call when you are ready to protect your toy business.