Umbrella insurance provides extra liability coverage in addition to the liability protection found in your primary auto and home policies. It acts as an added layer of financial protection after other coverage limits have been exhausted due to claims or lawsuits.
There are three main areas that an umbrella insurance policy can cover: defense costs, judgments or settlements, and personal injury claims.
Defense costs are the legal fees and other associated costs that come with defending a lawsuit. Judgments or settlements are the money awarded to the plaintiff in a lawsuit, minus any legal fees and other associated costs. Personal injury claims are any type of claim filed by an individual for injuries suffered as a result of an accident or some other incident.
Umbrella policies can also provide protection for incidents that occur away from home or even when you are traveling. For example, if you are involved in a car accident while on vacation, umbrella insurance will provide extra liability protection if the damages exceed the coverage limits in your primary auto policy.
Our team can help you determine your optimal level of coverage, and you might be surprised how affordable Umbrella protection can be. To find out more, call us today.
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