Umbrella insurance is an additional layer of protection that can be added to your home and auto insurance policies in Pooler, GA. But what does umbrella insurance actually cover? Are there any exceptions to what it covers? Covenant Insurance has answers to all your insurance questions.
What Does Umbrella Insurance Cover?
Umbrella insurance covers you for liability claims that exceed the coverage limits of your home and auto insurance policies. If you are sued or held liable for an accident beyond what your auto or home insurance policy covers, umbrella insurance kicks to help protect your assets, including your home, savings, and investment portfolio. For example, if you are held responsible for $150,000 in damages for a car accident, your auto insurance only pays $100,000. Umbrella insurance would help with the additional $50,000.
Umbrella insurance can also cover you for certain claims that are not covered by your home and auto insurance policies. For example, umbrella insurance can provide defamation, libel, and slander coverage. It can also provide coverage for certain intentional acts that result in bodily injury or property damage.
Are There Any Exceptions?
Umbrella insurance is a great way to get extra protection against liability claims. However, there are some exceptions to what umbrella insurance covers, such as business-related claims and claims arising from illegal activities. Additionally, umbrella insurance typically has lower coverage limits for certain types of claims, such as workplace injuries or car accidents involving uninsured or underinsured motorists. But overall, umbrella insurance is valuable to your home and auto insurance policies.
Contact Us Today
If you are in Pooler, GA community, contact Covenant Insurance today, and we can answer any questions you have about umbrella insurance. We are here to help.
