Sometimes your existing insurance coverage isn’t enough to cover the cost of significant repairs or even a replacement of what’s important to you. Every policy has a limit, and once that is exhausted, you are left to pay whatever is left out of pocket. This is why excess insurance exists.<\/p>\n
If you’re a Pembroke Pines, FL interested in learning more about excess insurance, please read this important information from McCormick Insurance Inc.<\/p>\n
Excess insurance is a type designed to protect you from a financial loss exceeding your current coverage limits. It is a way of mitigating the risk of a financial loss due to liability claims. Excess insurance is usually purchased in addition to your primary insurance coverage.<\/p>\n
If you’re familiar with umbrella insurance, this might sound familiar. However, there are some critical differences between umbrella insurance and excess insurance.<\/p>\n
Umbrella insurance is a type of excess insurance. Umbrella policies also cover claims that exceed the limits of your primary coverage. But it also provides a broader range of coverage that stretches to losses outside the scope of your primary coverage.<\/p>\n
The specialty of an umbrella policy is protection for things not within the underlying policy, while other forms of excess insurance cover only losses designated in the underlying policy. Umbrella is a form of extra insurance, but excess insurance is not always an umbrella policy.<\/p>\n
Are you interested in learning more about excess insurance? Want to know what excess policies are available in Pembroke Pines, FL? Contact McCormick Insurance Inc today, where we can answer all your insurance needs!<\/p>\n","protected":false},"excerpt":{"rendered":"
Sometimes your existing insurance coverage isn’t enough to cover the cost of significant repairs or even a replacement of what’s important to you. Every policy has a limit, and once that is exhausted, you are left to pay whatever is left out of pocket. This is why excess insurance exists. If you’re a Pembroke Pines, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[35,31],"class_list":["post-384","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-mccormick-insurance-inc-2","tag-pembroke-pines-fl"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t