Umbrella Coverage

An umbrella policy may be the answer. This type of coverage provides additional funds for various uses should you face a liability claim not covered under a traditional policy or if the claim exceeds the amount of coverage provided. 

One common misconception with umbrella policies are that they act as “catch-all” policies that will cover everything that your primary insurance does not. Traditional personal umbrella policies provide two types of coverage--liability and defense costs. When your primary insurance policy excludes certain items or circumstances or when coverage exceeds the limits established in that policy, your umbrella policy may provide excess liability protection for your autos, home, water craft, and even renters' insurance. Umbrella policies do not typically cover physical property damage meaning that damage to your own home or jet skis would not be covered by your umbrella insurance, which should be covered by your primary homeowner or water craft policy. If your home is vandalized or a hailstorm totals your automobiles, umbrella policies will not provide coverage. 

Umbrellas policies are intended to protect you if you are to be held responsible for bodily injury, property damage, or personal injury. Essentially, if you’re found at fault or negligent for someone else’s injury or damage, an umbrella policy could be the answer to handling the financial burdens associated with the claim.