Umbrella Insurance and Why You Need It

Umbrella liability coverage protects your finances from unforeseen events that cause personal injury or property damage. If you are held accountable for the damages, your umbrella insurance policy kicks in when your regular auto, home, or other insurance runs out. To determine how much umbrella insurance you need, consider the total value of your assets and the likely risk that you may face. Contact your Blanchard Insurance agent in Altamonte Springs, FL for assistance setting up your policy.

Why Is Umbrella Insurance Important?

Just as an umbrella protects you from the rain, your umbrella policy acts as another layer of coverage. In order to purchase umbrella insurance, you must first have an underlying insurance policy. This could be auto, homeowners, or other types of coverage. 

What Umbrella Insurance Covers

Every policy varies slightly, so it’s important to verify your coverage with your agent. However, umbrella insurance breaks down into three categories: bodily injury, property damage, and personal liability. 

Bodily injury umbrella coverage pays for medical and related expenses. Examples include medical bills for injuries sustained by another driver if you cause an accident. If your pet bites or injures someone and the medical bills exceed your homeowner’s insurance limit, umbrella insurance kick in to make up the difference.

Property damage umbrella insurance covers losses to tangible property. This could include another driver’s vehicle if you cause an accident. It may also pay for accidental damage your child causes at school.

Other personal liability umbrella insurance provides additional coverage for court-ordered settlements for slander, libel, false arrest, malicious prosecution, and mental anguish.

Umbrella Insurance in Altamonte Springs, FL 

Blanchard Insurance provides umbrella insurance to our clients in Altamonte Springs, FL. Contact us today to set up an appointment for a free quote and consultation on how umbrella insurance can protect your financial assets.