Umbrella Insurance

Umbrella Insurance

At Colley Insurance we have provided umbrella protection for people in Guelph since 1934

Umbrella Insurance

At Colley Insurance we have provided umbrella protection for people in Guelph since 1934. We know how to protect your assets.

Our licensed brokers will be happy to assist you in reviewing your options and finding the best combination of coverage and value for your budget and your family's needs. Call us to discuss umbrella coverage further.

Our business is built on a foundation of thoughtful client relationships.

    Integrated Explorations Inc.

    We would recommend Colley Insurance to any organization without hesitation

    Teutech Industries Inc.

    They (Colley Insurance) have been able to effectively meet our ever changing requirements, due to our rapid growth, in a professional manner

    Knar Jewellery

    Over the last two decades, Colley Insurance has provided Knar Jewellery with unparalleled service and support.

    Have you heard of the Deep Pocket theory?

    In our society, three things can work against you:

    • It can cost very little to initiate a lawsuit
    • Juries and judges are unpredictable
    • Defending yourself costs enormous sums of money

    One other factor also comes into play. If they think you have deep pockets they will dig until they hit bottom, sometimes even further.

    A long time ago, you made a plan and you put into action. You worked hard and got there. Over time, you accumulated possessions. Nothing out of this world, but enough to make you and your family comfortable and able to enjoy a few of the finer things in life.

    You remember when things weren't quite so good and would prefer to not go back there if you don't have to. You managed risk and bought the right insurance along the way. Or at least you thought you did.

    It's likely that your insurance protection didn't keep up with you and now you need extra protection, an Umbrella Insurance policy.

    What are your liability limits on your auto and home policies? $1,000,000? $2,000,000?

    It's not enough.

    It may be an auto or boating accident, a slip around your pool or any number of things that can happen when someone has a little too much to drink at the annual charity dinner party you hold; whatever the situation -- you can be sued. What if you are sued and the award goes to the plaintiff? Okay, you say, the insurance will cover it. But what if the amount exceeds the policy limits? (That can happen, especially if people think you have the ability to pay.)

    How will you pay the judgment? How will you even defend yourself in such a lawsuit? Can you actually lose all you have strived for?

    You bet you can.

    You need protection that will step up when your other policy limits run out. You need Umbrella Insurance protection.

    Contact a seasoned insurance professional at Colley Insurance, in Guelph. You'll be surprised at how little you have to pay for a lot more protection.

    The more your assets grow, the higher your liability risks are. No matter how well you’ve covered your bases, sometimes things go wrong. A car accident. A guest who slips and falls on your property. A lawsuit. If you don’t have the right coverage, an unfortunate situation can compromise your financial security and put your personal assets at risk.

    An excess policy responds when the underlying liability limits of your other policies, such as home and auto, aren’t enough to cover the unexpected costs of a lawsuit or accident.

    It is important to note that most Canadian insurance policies carry on average $1,000,000 of liability coverage. This limit can quickly become quickly exhausted and is very frequently limited to North America. The Group Personal Excess policy provided by Chubb Insurance provides up to $5M of worldwide coverage which extends to all dependent member of your house hold and also provides coverage for foreign owned assets.*

    * Territorial restrictions apply: Sudan, North Korea, Iran, Cuba, Syria

    Personal Liability (Homeowners) for bodily injury and property damage in the minimum amount of $1,000,000 per each occurrence.

    Registered and unregistered vehicles in the minimum amount of $1,000,000/$1,000,000 bodily injury and $1,000,000 property damage; or $1,000,000 single limit per each occurrence. Registered vehicles include motorcycles and motorhomes.

    Uninsured and underinsured motorist protection in the minimum amounts of $1,000,000 per each occurrence. This requirement does not apply to the provinces of Quebec or Manitoba.

    Watercraft less than 8 metres (26feet) and 50 engine rated horsepower or less for bodily injury and property damage in the minimum amount of $100,000 per each occurrence.

    Watercraft 8 metres (26 feet) or longer or more than 50 engine rate horsepower for bodily injury and property damage in the minimum amount of $500,000 per each occurrence.

    *The above liability limits must be in USD if the asset is located in the United States.

    Each participant is covered for a $5 million limit of liability, and there is no annual aggregate on the policy.

     

    Your Chubb Group personal Excess Liability coverage provides worldwide automobile rental coverage (subject to a few territorial restrictions), for up to 60 days. You can rent a car while on vacation and have coverage for personal injury and property damage without buying the additional insurance.

     

    Yes. At the time of writing this (November 1, 2017) you would not be covered in Iran, North Korea, Syria, Cuba and Sudan. Please check with us for any changes to these territorial restrictions.

    What do I do if there is an accident?

    Please contact Colley Insurance at 1-888-824-0445 as soon as possible, so we can help you through the claim process.

    Need any help!

    Office: 519-824-4040
    Toll-Free: 888-824-0445
    Fax: 519-763-6839
    customerservice@tgcolley.com
    1 - 34 Harvard Road Guelph,
    ON N1G 4V8

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