What Does Umbrella Insurance Cover?

Umbrella insurance is an extra layer of insurance coverage that offers more protection than your existing coverages from other insurance policies. The agents at the Five Star Insurance Agency in Fords, NJ are providing information about what umbrella insurance is and what it covers.

What Does Umbrella Insurance Cover?

Umbrella insurance can cover property damage, certain types of lawsuits, injuries, and personal liability scenarios. An umbrella policy will help protect your assets in two different ways. First, umbrella insurance will provide more coverage than your regular auto, homeowners, and auto and boat insurance policies. It will also provide coverage for claims that may not be covered under liability policies you already have in place, such as libel, slander, false arrest, and even liability coverage for rentals you may own.

This means that umbrella insurance will provide coverage for you beyond the limitations of your other existing insurance policies and, in some cases, may cover things that your regular insurance policies do not cover.

Umbrella insurance can provide liability coverage for damage to property, injuries, certain lawsuits, and personal liability situations. Whether you’re a homeowner, business owner, or own a boat or a car and want to ensure that you have an extra layer of protection, umbrella insurance is a great option.

Examples of Umbrella Policy Coverage

Bodily injury liability insurance will cover injuries that another person suffers because of some accident, such as medical bills or liability claims. These types of accidents include a severe car crash in which you are at fault, injuries that are caused to someone by a dog you own, if a visitor to your home falls and is injured, or even if a neighbor’s child falls and is injured while simply playing in your yard.

For a rental property owner, examples include someone tripping and falling at a rental property you own and suing for damages or if your tenant’s dog bites someone. You are being placed in the position of holding the responsibility for those injuries.

Contact Us

To create the best umbrella insurance policy for you and your situation, call upon the trusted and experienced agents at the Five Star Insurance Agency in Fords, NJ today!