Umbrella Insurance
An umbrella insurance policy is liability protection that goes beyond the renters' and auto insurance policies. It's the best way to protect personal assets should a person face a major lawsuit.
However, this liability insurance can only stretch as far as the coverage limits in the homeowner and auto insurance policies. At Tristate Insurance Store in Pennsylvania, we help individuals understand why umbrella insurance is vital, starting with these pointers.
What Umbrellas Insurance Covers
As the name suggests, umbrella insurance covers a variety of problems, including legal defense, medical bills, or car accidents. If auto insurance can't cover you, our umbrella insurance policies will cover all the incidents.
For instance, we cover slander, defamation, and libel. Other problems that we can help you cover include:
- If your dog bites someone
- You accidentally hurt someone
- If you drive into a building
- Auto or boating accident
The umbrella insurance won't cover the following:
- Criminal acts
- Damages due to war or nuclear radiation
- Damaging your personal belongings
- Business losses
- Intentional injuries
- Oral or written contracts
- Any communicable diseases
Do You Need Umbrella Insurance?
Individuals find themselves in several situations, and we recommend getting an umbrella policy to be safe. For instance, wealthy families are easy targets for lawsuits. Some instances include the following:
- Those with a high public profile
- Individuals with large animal farms like horses or dogs
- People who manage a family trust
- Those with swimming pools, trampolines, or ponds
- People who host large parties in their homes
- Those who employ household staff
Contact Us
Umbrella insurance is the best way to cover liabilities. However, before getting into it, there is a certain amount of liability insurance in the base policy that individuals need to have. For instance, you may need auto, home, and watercraft insurance.
Contact our team at Tristate Insurance Store in Pennsylvania, and we will answer any questions you have about umbrella insurance and provide a no-obligation quote.