While you might have insurance, some claims might be too much to be covered by regular insurance policies. This makes it essential to have extra insurance coverage. Umbrella insurance is extra liability insurance. It protects you from major lawsuits and claims thus helping in protecting your assets and your future. The following are some of the types of coverage offered with umbrella insurance..
Bodily Injury Liability – It covers the claims that might arise due to damages to another person’s body. It pays medical bills, compensation for pain and suffering, and lost wages due to bodily injury. Injuries can be as a result of:
Property liability coverage – It pays the claims that might arise due to damaging someone else’s property. For instance:
Owners of Rental Units – If you own rental houses, it protects against lawsuits for:
These liability situations occur for varied reasons such as:
Having conventional insurance coverage of homeowner’s insurance and auto insurance is not enough. The world throws a lot of stuff at you, that is why you need umbrella insurance to cover you beyond the scope of other insurance policies. Call or visit us at Chambers Bay Insurance for a quote.