Do You Really Need Umbrella Insurance?

By Contractors Insurance Agency Uncategorized Comments Off on Do You Really Need Umbrella Insurance?

You have insurance coverage for your car and home, and that is all you need right? Wrong.

Umbrella insurance is a type of coverage that adds extra liability coverage over your other policies. It is meant to keep you and your loved ones protected during times that you may have very large liability claims or judgments, that your other policies don’t fully cover because the limits have been reached.

Umbrella Insurance covers:

  • Bodily injury
  • Personal injury
  • Property damage
  • Landlord liability

It does NOT cover:

  • Personal belongings
  • Business losses
  • Intentional or criminal acts or omissions
  • Contracts of any kind

Large claims can happen to anyone at any time. Don’t you want to feel better if that does happen to you?

This type of policy can prevent you from having to pay out of pocket for someone else’s medical or legal bills if you (or someone on your policy) is responsible for the accident that occurred.

An example would be having company over and someone being injured in your yard.  An umbrella policy assists in covering expenses that occurred, up to your policy’s limit.

Umbrella insurance will cover anyone on your policy. This includes your spouse, children, and other relatives who live in your home and do not have auto or property insurance in their own name.

In most cases, personal umbrella policies are available in million-dollar increments, from $1 million to $5 million.

If you have not considered an umbrella policy before, we here at John Scott Insurance Agency encourage you to give us a call. Let’s discuss this.  The investment is nominal, and the coverage could mean the difference between being protected and financial ruin.


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