Umbrella Insurance A personal umbrella insurance policy offers an additional amount of liability protection for the essential things in your life, such as, your wages, house, investments, cars and boats if you’re in a serious auto accident or there’s an accident on your property.It’s extra protection for anyone that is at risk of being sued over damages following an accident. However, it is more than bodily injury and property damage liability coverage. It also protects you against libel, slander and false arrests. For landlords, umbrella insurance also provides liability protection for rental units. How Does Umbrella Insurance Work? It is important to have adequate coverage to protect your current assets and future earnings if you are involved in a serious accident or lawsuit. If not, you could be liable for more than your current auto or homeowner’s coverage limits. Once your coverage limits are exhausted, your extra coverage amounts provided through your umbrella policy will step in to cover the rest. Not only does an umbrella policy protect you the policy holder, it also provides extra protection coverage for everyone in your household. What Doesn’t Umbrella Insurance Cover? While umbrella insurance protects you against the unexpected, even an umbrella insurance policy doesn’t cover everything. Lets discuss exclusions you can expect to find with a standard umbrella policy:Intentional Damage. If you purposely drive your car into someone else’s car, an umbrella policy will not cover any damages you caused, nor will it protect you in court. Likewise, if you get into a physical altercation with someone at your home or business, you will also be out of luck. Intentional harm is never protected.Damage to your property. Though umbrella insurance offers a great amount of protection, it is ultimately just liability coverage. This means it is for protecting other people for damages you may have done to them or their personal property. For any damage done to your property, you will need to refer to your auto or homeowners insurance. If you are looking for more personal property protection, speak to your insurance provider about other options.War. No policy protects against war-time damages.Arranged Liability. If you sign a document agreement to take full responsibility for your actions or any damages that may occur, your insurance company is released from their coverage responsibility for those incidents.Liability from professional activities or business. A standard umbrella policy will only step in and provide extra coverage for your personal insurance policies. You will first need business liability insurance before you can purchase a businesses umbrella policy. Who should consider umbrella insurance? Anyone that has a significant amount of assets should consider an umbrella policy. If you have many valuables or believe that your assets are greater than the liability coverage amount limits included in your homeowners and auto policies, then you should speak with one of our agents about an umbrella policy and they will be happy to answer any questions you may have! How We Work Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success. Request a Quote In today’s world, everything costs more. Medical costs are on a rapid incline with no signs of slowing down. The cost to repair and replace personal belongings is increasing at unprecedented levels. Unfortunately, bad things happen sometimes that are totally unavoidable. But what is avoidable is being unprepared for the unexpected. Call us today to see how you can prepare for the unexpected and live life knowing that if something happens, we’ve got you covered. Request a Quote Name Email Address Phone Question Thank you! Oops!