Understanding Umbrella Coverage

Your underlying liability policies—such as regular homeowners, auto, and watercraft insurance—are typically limited in their coverages. When the costs exceed that limit, that’s when an umbrella policy kicks in. This means you are covered for court costs and settlements up to your policy’s limit—usually $1 million or more. You don’t have to worry about being held liable for damages beyond what the underlying policy covers.

Umbrella insurance also offers broad coverage, so it can help protect you from a variety of claims. This includes defamation of character, libel, and slander. It also covers incidents that involve property damage or injury to others, such as when someone is injured in your home or if you’re responsible for an accident on the road.

Having an umbrella policy gives you peace of mind knowing that you have additional protection in the event of costly litigation or other large financial losses. As with any type of insurance policy, speak with your agent about pricing options and applicable limits for your personal situation before signing up for a policy. With an umbrella policy in place, though, you’ll be sure to have the extra protection you need.

Getting Help with Umbrella Insurance

The bottom line is that umbrella insurance can provide an extra layer of protection beyond the liability limits of other policies, giving you financial security and peace of mind in the case of a lawsuit or large financial loss. To speak with a knowledgeable agent about pricing options and applicable limits for type of coverage, call us or click on Get A Quote to receive your free consultation.