Stephen Ellis

Is Umbrella Insurance Worth It? Although once upon a time, having umbrella (excess liability) coverage was for only wealthy people, these days, anyone and everyone can get sued for nearly anything – and it’s important to be prepared. Umbrella insurance acts as a cushion or safety net for you in the event that your established policies can’t come through for you. If you don’t have enough extra coverage and you get sued for enough, you could lose your home, autos, and many other assets due to the costs of defending yourself.

Do you own a waterfront property? Do you have visitors often? Maybe you have a pool or young drivers in your family. Do you travel much? Own an aircraft or boat? Do you live in a wealthy neighborhood or make a lot of money? Any of these are reason enough to protect yourself with umbrella insurance.

Saving Families Thousands: The Gregovichs threw their daughter a sweet sixteen party and invited around forty of her friends. During the party, two boys got into a fistfight and ended up falling down a staircase in the Gregovichs’ house. The boys’ parents filed a claim against the Gregovichs, and because the staircase was added and not included into their homeowners policy, their umbrella policy kicked in and saved them thousands of dollars.

This is just one example of how umbrella insurance can save the day. It can also cover many other situations, including eviction, wrongful entry, false arrest, malicious prosecution, invasion of privacy, defamation, organization liability; and of course, it adds extra coverage to your basic homeowners and auto policies.

Want to know more about umbrella insurance? Contact us today! We’re Bright Insurance, an independent agency in Milford, Massachusetts.

Without business property insurance, your company may not survive financially. It isn’t required by law, but it’s a wise investment to protect your business property against vandalism, fire, weather, and other unexpected situations.

Business property insurance plans can be standard, which will cover damages caused by the above mentioned events like fire and storms, as well as liability insurance. You can also get special coverage which goes the extra step to protect against all property with certain exceptions, such as terrorist acts and floods. We highly recommend that your policy cover fixtures such as lighting systems or carpeting, equipment and machinery, furniture, inventory, and computers. Make sure your policy also covers financial income that may be halted due to an unexpected event, as well as the additional costs of operating from a temporary location.

You may want additional insurance to cover losses caused by fraud, burglary, or robbery. Since a basic business owners policy and property insurance do not cover this, you’ll need to add them onto your policy. These riders may also include data protection, personal assets and computer virus protection. They will raise your premiums, but the additional coverage may be necessary for your business.

If you rent a property, be sure to look over your agreement very carefully. You may be covered by the owner’s policy, or you may be required to have property insurance. If you're in an area prone to floods, earthquakes, or hurricanes, you should seriously consider purchasing disaster insurance.

It's important to fully understand your policy. If you have any questions, please contact us.

Bright Insurance is an independent insurance agent in the Milford, Massachusetts area. To find out more about business insurance, contact them today.

For most people, there are normally three times in their lives when they think about their home insurance: when they choose their carrier, when they write the policy checks, and finally, when disaster strikes and they make a claim. However, by the time things get sticky, it’s usually too late to start really understanding your policy and what it covers. Your home is more than likely the single largest investment you’ll ever have in your lifetime – make sure of your coverage for your own peace of mind.

Generally, home insurance protects your home, anyone named on the policy, your spouse, residents of the home (other than renters), household employees, and guests.

The property insurance part of your policy protects your home, structures attached and unattached to your home (if they are on the premises), personal property, loss of use of your home, and liability if you are found responsible for personal injury or property damage to another.

There’s also a good amount of damages, conditions, and costs that are not covered by standard homeowners insurance. Here are just a few examples:

• Damage to the land underneath your home

• Flood damage

• Losses related to business activities in your home

• War or terrorist-related damage

• Damage caused by neglect

If you’re concerned about coverage against losses such as these, your home insurance policy can be tailored to meet your needs by independent insurance agencies like Milford’s Bright Insurance (BrightInsurance.com). They find out what you need, then they contact the top insurance companies in the country to help you decide on what feels best.

Bright Insurance is an independent insurance agent in the Milford, Massachusetts area. To find out more about Milford, Northbridge, Hopkinton, and Bellingham home insurance, contact them today.

There’s an episode of The Simpsons in which Marge loses her driver’s license due to a road rage problem. She paces around her house angrily, saying it feels like she “lost a limb.” That may be a little dramatic, but it’s how almost everyone in America feels about their vehicle. Imagine if it were so damaged that you couldn’t drive it. Imagine that scenario without auto insurance.

There are many reasons that people choose to forgo getting auto insurance, but there is one collective thought that seems to dominate: they decide to try to do without because they think they’ll never need it. However, no one is excused from auto accidents. There were almost 50,000 automobile accidents in Massachusetts last year alone. It only takes one person, in one second – whether it’s simply a distracted person talking on a cell phone, or a young driver who is still getting their bearings – to cause immense damage to your car.

Another reason that many people disregard buying auto insurance in Massachusetts is because they become overwhelmed with the different types of coverage they might need. There are plenty of auto owners who are lost when it comes to how much coverage is necessary, and they decide that the confusion isn’t worth it; they’ll just see if they can get by without it. However, again, no one gets by all of the time.

Massachusetts requires you to purchase a minimum amount of auto insurance, but that doesn’t always cover everything you require. If you’re involved in an accident, even if it’s not your fault, it’s important that you have enough insurance to cover all the expenses for you and your passengers. Having enough insurance could mean the difference between living comfortably or struggling to get by. You may have to do without a car for awhile and bum rides off of family and friends. Marge Simpson would never stand for it!

These days, it’s very easy to get auto insurance quotes, even when they have to be “tailored” to meet your requirements. Independent insurance agents such as BrightInsurance.com with virtual offices make it easy; it’s no harder than filling out a tiny online form.

Don’t risk being invincible – you’re not.

Bright Insurance is an independent insurance agent in the Milford, Massachusetts area. To find out more about Milford, Northbridge, Hopkinton, and Bellingham auto insurance, contact them today.