Umbrella insurance is additional liability insurance. This type of insurance policy is designed to help protect you from major claims and lawsuits and as a result it helps protect your assets and your future. Umbrella insurance also provides additional liability coverage above the limits of your homeowners, auto, and boat insurance, etc.
Umberala Policy Coverage
The Umbrella policy shields you from having to pay when you’re found at fault. What a personal umbrella policy may cover:
A lawsuit settlement results from an accident at your home, yard or pool.
Damages or medical expenses a guest incurs from an injury at your home.
Damages you cause to someone else’s property, such as accidentally crashing a car into someone’s home.
What a personal Umbrella policy does not cover:
Your personal property
Disputes about contracts
Intentional or criminal acts
A personal umbrella policy may benefit almost anyone who wants liability coverage beyond the limits of their underlying insurance policy, such as auto, home or renters. Contact a local agent for help determining whether a PUP is a good option for you.