What is an Umbrella Policy?
Umbrella insurance is extra liability coverage. It is there to help protect you from lawsuits and major claims. It helps protect your assets and your future.
Umbrella insurance provides additional liability coverage beyond the limits of your auto, homeowners, and boat insurance policies. This protection kicks in when liability on your other policies has been exhausted. For example, if you cause an auto accident and the damages to others is $600,000 but the limit on your auto policy is $500,000 – your umbrella policy will cover the difference.
What’s covered by an umbrella policy?
Property Damage Liability -Damage to vehicles and other property from an auto accident where you are at fault -Multi car collision -Accidental damage to school property caused by your child
Bodily Injury Liability -Injuries to other parties due to a auto accident where you are at fault -Injuries sustained by a guest in your home due to a fall -Injuries sustained by a neighbor’s child who falls while playing in your yard -Harm caused to other as a result of your dog -If your child was to injure another child, accidentally
Umbrella policies also cover less tangible things such as: -False arrest, imprisonment, or detention -Libel: injurious written statement -Slander: injurious spoken statement -Malicious prosecution -Shock/mental anguish
Having an umbrella policy is an affordable way to protect yourself, your assets, and your income. If you have any questions or would like to get a quote today, give us a call.
-AZ Insurance Team 480-535-5709 https://www.azinsuranceteam. com