Personal Umbrella Insurance in North Haven, New Haven and Throughout Connecticut
There are many types of personal insurance, and it can be difficult to know exactly what each individual needs. That’s where the professionals at Greening Abercrombie Insurance come in. Some insurance needs are obvious, such as auto insurance if you own a car and home insurance if you own a home, but what about personal umbrella insurance? What is it and who needs it?
What Is Personal Umbrella Insurance?
Personal umbrella insurance is a type of policy that adds extra liability coverage above and beyond that of standard insurance. Like an umbrella shields you from rain, personal umbrella insurance provides an extra layer of protection over your standard liability policies.
What Does a Personal Umbrella Insurance Policy Cover?
Personal umbrella insurance is there to provide financial protection from large and potentially devastating liability claims. It kicks in when your standard liability limits have been reached. Personal umbrella insurance can help cover bodily injury, personal injury and property damage liability; however, it does not usually cover damage to personal belongings, business losses, criminal acts or assumed contractual liability.
Some situations where it might be helpful to have personal umbrella insurance include:
- If your teen driver causes a serious accident
- If a delivery person falls on your property and is seriously injured
- If a guest in your home is injured by a family pet
Who Needs Personal Umbrella Insurance?
High-cost accidents can happen to anyone at any time. As such, most people can benefit from having a personal umbrella insurance policy. It may help prevent you from having to pay out of pocket for another person’s medical bills if you are found responsible for an incident and may also cover legal costs. For example, if someone is injured on your property, umbrella insurance can help cover expenses up to your policy’s limit.
Another significant aspect of personal umbrella insurance is that it typically also extends its coverage to other members of your household, such as your spouse, children or additional relatives who reside with you. If these individuals do not have their own personal auto or property insurance, your personal umbrella insurance policy may be able to help protect them.
Additionally, personal umbrella insurance may offer coverage for liabilities that may not be covered by a standard homeowners insurance policy (e.g., personal injuries such as libel, slander and emotional distress damages). Reach out to our agents for details.
Personal Umbrella Insurance Quote in North Haven, CT If you’re interested in learning more about personal umbrella insurance, contact Greening Abercrombie Insurance. We will help you get the coverage you need!