5 Fast Facts About Umbrella Policies

You’ve probably heard of an “Umbrella Policy” before, but do you know what it means? Whether you’re a homeowner or insuring your boat in time for the summer, purchasing an umbrella policy might be the perfect option.

Here are a few of the most important things you need to know about umbrella insurance:

1. Think of umbrella insurance as an extra form of liability insurance.

2. For owners of homes, automobiles, and boats, umbrella insurance will protect you and your assets from major claims.

3. In the event of a lawsuit or claim that is not covered by your liability policy, like slander or libel, umbrella insurance can work to protect you.

4. Examples of specific scenarios covered by umbrella insurance include property damage, injury, and lawsuits.

5. Even if you are already insured, umbrella insurance can cover you beyond the limitations of your existing policy.

Have more questions, or want to see if an Umbrella Policy is right for you? Contact us today.