In any event, when you're sued for any damages that cost more than what your primary insurance can cover, umbrella insurance may help you out. Liability insurance will cover any financial matter if you cause property damage or injuries to other people. But this may not be enough. Adding personal umbrella insurance usually helps. Who Must Get Umbrella Insurance?
The following are people that should get umbrella insurance as a part of their regular liability insurance;
How Does Umbrella Insurance Work? Umbrella insurance will provide additional liability coverage as well as legal defense expenses if your limits to your home, auto, or personal insurance have been exceeded. Usually, umbrella insurance will cover things that are not included in regular insurance, such as coverage for libel and slander. Coverage limits vary, but most companies that offer this type of insurance start coverage at $1 million. Umbrella insurance covers all incidents that may happen anywhere, even outside the US. Oftentimes, this type of additional insurance is less expensive compared to the liability insurance that you get. Take note that before you can get umbrella insurance, you must already have property or auto insurance. Also, you must have a minimum auto or home insurance liability insurance before you are allowed to include umbrella insurance. Conclusion Umbrella insurance covers other people's property damage, injury treatments, and funeral costs if any. It also covers any lawsuits and the cost of legal defense. It won't cover your own medical needs or injuries, damage to your property or personal items, criminal acts, and any property damage that you may cause as you use recreational vehicles. Again, this may vary depending on the insurer. At Mauser & Tobin Co., Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (516) 747-0171. You can also request a free quote by CLICKING HERE.
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