Umbrella insurance is an aptly named insurance product that goes beyond the scope of traditional liability insurance protection. For the most part, it serves as an additional layer of liability protection for the following types of liability coverage:
- Home Liability
- Auto Liability
- Watercraft Liability
Furthermore, when you’ve exhausted the coverage on one or more of these policies, the umbrella policy kicks in to provide additional protection.
In addition, this can be extremely useful in situations where the judgment awarded against you or legal defense fees exceed the limits of your standard liability protection.
Umbrella insurance also provides additional protection, beyond the scope of your standard liability coverages to include things like:
- False Arrest
So, this type of insurance can be important for protecting your assets. For example, if you’re involved in a legal battle or are sued for accidents involving injuries, such as traumatic brain injury or death.
What does Umbrella Insurance Cover?
- Bodily Injury
- Personal Injury
- Property Damage
- Landlord Liability
Furthermore, not everyone needs umbrella insurance. However, there are some people who have a greater need of this additional insurance, including:
- Kids’ sporting coaches.
- Frequently post product and business reviews.
- Participate in sports where they may accidentally injure others
- Serve on boards of nonprofits
- Own property
- People who have substantial savings
- People who own dangerous things (pets, pools, trampolines, treehouses, etc.)
Also, anyone who is worried that your current liability insurance coverage is insufficient to meet your needs and protect your financial interests, would do well to consider purchasing umbrella insurance.
Above all, this protection offers financial protection above and beyond your traditional insurance coverage. Also, it offers peace of mind that is greater than your existing insurance coverage.
Why Perry Insurance Group for your Umbrella Insurance Needs?
Perry Insurance Group has been serving the insurance needs of families throughout South Carolina and in nearby states for more than 20 years.
Furthermore, we pride ourselves in offering professional service, exceptional convenience to our customers, and outstanding rates for your insurance needs. In addition, we serve the Midlands and beyond with four locations. So, contact Perry Insurance Group today to learn more about umbrella insurance and to make sure you have sufficient protection for your financial interests.