UMBRELLA INSURANCE
Umbrella insurance is a type of liability insurance that provides additional coverage over and above the limits of your homeowners, auto, or renters insurance policies. It can help protect you from financial losses if you are found to be at fault for an accident that causes injuries or damage to others.
Umbrella insurance typically kicks in when the limits of your other policies are exhausted. For example, if you are found to be at fault for an accident that causes $1 million in damages, and your homeowners insurance policy has a limit of $500,000, umbrella insurance would pay the remaining $500,000.
Umbrella insurance can also cover certain types of claims that your other policies may not, such as libel, slander, and false imprisonment.
If you have a lot of assets or if you are at risk for being sued, umbrella insurance is a good way to protect yourself financially. Umbrella insurance is relatively inexpensive, and it can provide you with peace of mind knowing that you are covered if you are found to be at fault for an accident.
Here are some of the benefits of having umbrella insurance:
Umbrella insurance typically kicks in when the limits of your other policies are exhausted. For example, if you are found to be at fault for an accident that causes $1 million in damages, and your homeowners insurance policy has a limit of $500,000, umbrella insurance would pay the remaining $500,000.
Umbrella insurance can also cover certain types of claims that your other policies may not, such as libel, slander, and false imprisonment.
If you have a lot of assets or if you are at risk for being sued, umbrella insurance is a good way to protect yourself financially. Umbrella insurance is relatively inexpensive, and it can provide you with peace of mind knowing that you are covered if you are found to be at fault for an accident.
Here are some of the benefits of having umbrella insurance:
- Financial protection Umbrella insurance can help you cover the costs of claims that exceed the limits of your other policies.
- Peace of mind Umbrella insurance can give you peace of mind knowing that you are financially protected in the event of an accident.
- Liability protection Umbrella insurance can help protect you from financial responsibility for claims that your other policies may not cover.
- Discounts Many umbrella insurance companies offer discounts to homeowners and auto insurance customers who also have umbrella insurance.