Umbrella Insurance
What is Umbrella Insurance?
Liability issues are everywhere and you never know what could cause someone to present you with a lawsuit. Basically, Umbrella Insurance policies protect you from liability issues that go beyond the liability limits of standard insurance policies, such as your homeowner’s insurance, car insurance, etc. This policy literally puts you under its umbrella so that when you exceed the liability coverage limits on an underlying insurance policy, you will still be protected.
What does Umbrella Insurance cover?
Most liability coverage afforded by home and auto policies only covers bodily injury and property damage to others. Umbrella policies will extend those limits to not only provide higher limits of protection for bodily injury and property damage, but also to provide broader liability protection than the basic policies. Every umbrella policy is different, so discuss with your agent which policy best suits your lifestyle.
Why should you purchase Umbrella Insurance?
You don’t know how much you could be sued for in a serious at fault auto accident or if someone is injured on your property. If you have a swimming pool or an animal, your chances of a claim or lawsuit are multiplied. Although these kinds of things may be few and far between, if they do occur, they could deplete your assets without the proper amount of coverage.
Consult with an Arbor insurance agent to find the right umbrella limit, then sleep well at night knowing you have the protection you need. Contact Arbor Insurance Group today for more information on umbrella policies and get a free online quote!