Umbrella insurance is an important type of coverage that provides additional liability protection beyond what’s offered in other types of insurance policies. This can be especially beneficial for those with a higher net worth, as it helps to protect their wealth from unexpected losses due to claims or lawsuits.
More Information on Umbrella Insurance
This type of coverage includes liability protection exceeding the limits provided by your underlying home, auto, and business policies. It can also cover you when the limits of your underlying policies have been reached. So if someone were to make a claim against you, umbrella insurance would kick in after the original policy’s limit has been met and help cover any further costs associated with the incident.
Additionally, umbrella insurance offers extra financial protection should you be found liable for things like libel, slander, false arrest, and more. It typically includes a range of perils that are not covered by other policies such as personal injury and property damage resulting from the use of watercraft or aircraft, and even some types of legal fees incurred in defending yourself.
If you’re looking for additional protection against financial losses due to liability claims or lawsuits, umbrella insurance may be the right option for you. With this coverage in place, you can rest assured knowing that your assets are safe from unexpected expenses and court-ordered damages.
Help with Umbrella Insurance Coverage
To learn more about how umbrella insurance could benefit you, and to find out how our team can help you make informed choices on how much coverage you need, call our offices or click on the quote button to receive a free consultation.
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