Personal umbrella policies provide an additional layer of protection for personal legal liability. Sometimes called excess liability insurance, it’s coverage goes over and above all of the primary “underlying” policies you may own, such as auto, home, motorcycle, boat, etc. Umbrella insurance comes into play in the event that the limits of liability from your primary policies are used up or exhausted. Additionally, this insurance typically includes very broad coverage, as well as additional coverages that may not be included in the underlying homeowners and automobile policies, such as libel, slander, and false arrest.
Umbrella insurance is a form of liability insurance, therefore it does not cover your medical expenses or property loss. However, in most cases – and this depends on how you want it set up – this insurance will protect you from:
- Injuries you cause in a car accident
- Injuries someone suffers on your property
- Property damage you cause in an accident
- Property damage your pet causes
- Property damage a dependent or child causes
- Attorney fees and other legal costs if you’re sued
Call or visit with one of the trusted insurance professionals at Heacock today, and find out more about the coverages available and which might best suit your needs.