Umbrella insurance is the insurance you get to serve as an umbrella when other insurance policies cap out on a large claim. You might use them when your home insurance or auto insurance is capped out on a major liability.
At Harrison Insurance and Financials LTD, we want Hailey, ID, residents to be covered for every financial liability in life. We can help you to determine if you need umbrella insurance, and help you to design an insurance policy for the needs that umbrella insurance won’t cover.
What Umbrella Insurance Will Cover
Umbrella insurance serves as additional coverage for personal liabilities of any kind. So if you have a slip and fall occur at your home or on any of your properties, you may be sued or forced to submit a large claim on that insurance policy.
When the claim is over your coverage limits, umbrella insurance can kick in to cover those costs and damages.
Umbrella insurance will cover you for some of those damages and liabilities. It can also cover you for defamation and slander, false arrests or imprisonment, and libel.
What Umbrella Insurance Won’t Cover
Umbrella insurance won’t cover damages that can be covered by another insurance policy, or damage that you caused yourself, accidentally or intentionally.
• Property damage
• Damages for which you are at fault. For example, if a slip and fall happened because you purposely tripped someone.
• Business liabilities
• Liabilities you assumed under an existing contract
• War liabilities
Get a Quote
There is no insurance policy that covers everything, but umbrella insurance is great for those liabilities that aren’t yours. At Harrison Insurance and Financials LTD, we want Hailey, ID residents to be covered for every possible liability in life. Call us today for a quote.