The Ins and Outs of Umbrella Insurance

Umbrella insurance is not about covering you if you get wet. It’s a useful policy that can protect you and your home against all types of claims when homeowners insurance fails. It could protect you in the case of a lawsuit if a neighbor trips over a loose pavestone or you slip in the bathtub. Here’s a breakdown of what umbrella insurance is and if you need it.

What does umbrella insurance cover?

Umbrella insurance is there for when homeowners liability insurance can’t protect you. It offers the advantage of extending liability on your homeowners and auto policies. Umbrella insurance can cover things such as personal injury or property damage caused by you, your family or hazards on your property and personal liability for occurrences that happen off your property, such as protection against slander, libel or false arrest.

What does umbrella insurance not cover?

It’s important to note umbrella insurance isn’t a magic policy that protects you from everything. It can’t help with liability for vehicles such as jet skis or boats, damage by others to your own property or damages intended by the insured, or business activities.

Do you need umbrella insurance?

Most homeowners insurance comes with liability protection, but it’s usually capped. The best thing to do is take stock of your belongings and lifestyle and decide if you’ll need an extra policy. If you have more possessions, you may need to take out an extra policy.

Unsure whether you need umbrella policy? Call or email us today and we’ll help you decide.