Many Springfield residents are happy with their current insurance policies, thinking that if anything were to happen, they could file a claim and the insurer would take care of everything. This is only true up to a point. If any damages are above the standard policy maximum limits, the insurance company will only cover part of it, leaving the homeowner to fend for themselves in order to pay off the rest. A personal umbrella insurance policy can dramatically raise the maximum limits on homeowners and auto policies, as well as other individual policies you may have purchased. These four scenarios demonstrate the importance of umbrella insurance for Massachusetts residents, especially for high net-worth individuals.

Operating an auto dealership involves several types of risk. As a result, you need to protect your dealership with several important coverages. Policies like floor plan insurance are crucial for your inventory. General liability coverage offers protection for accidents that may occur on the premise. Similarly, property and theft insurance protect repair shops. Make sure to work with Springfield insurance experts to determine the right insurance coverage for your dealership. 

It’s your first new car, and you want to protect it. Liability insurance, which protects you and other people on the road, offers the greatest protection when working with Springfield insurance experts. You may also want to obtain collision and comprehensive coverage, which will help you ensure that your vehicle receives the repairs it needs after an accident.