Umbrella insurance is a specific type of insurance that provides additional coverage on top of other personal insurance, such as auto, homeowners, motorcycle, and watercraft. If you have never had this insurance before and are thinking about getting it, Harrison Insurance and Financials LTD, serving Hailey, ID, has prepared the list of things you should know:
What does it cover?
The coverage applies to you and other family members in the same household, including children, spouses, and other relatives in your care. It protects you over and above the limits of your auto, homeowners, or boat/watercraft insurance, as well as personal injury liability, such as false arrest, libel, and some others. Also, umbrella insurance follows you, which means you are protected worldwide.
Why do I need it?
Umbrella insurance is an extra layer of security. Plus, it is beneficial for those who are going to add a teen driver to their auto insurance policy. Since most umbrella insurance claims involve auto losses, this specific type of insurance will give you peace of mind when your teenage driver is behind the wheel.
What is not covered by umbrella insurance?
This type of insurance will not cover damages caused to your personal belongings, intentional or criminal acts, injuries, or damages to the property in certain situations (for example, using uncovered recreational vehicles), other people’s injuries, or damage that your company is liable for.
The more assets you have, the more critical it is for you to have umbrella insurance to provide you with the necessary protection and peace of mind. Harrison Insurance and Financials LTD, serving clients in Hailey, ID, is a team of professionals who will be glad to assist you and answer all your questions regarding this policy. Do not hesitate to give us a call and talk to one of our experienced insurance agents.