Umbrella Insurance

Umbrella insurance is intended to provide additional protection for “just in case” scenarios. It protects your valuables beyond the scope of your current insurance policy. It means you have additional insurance coverage for your home insurance policy, vehicle insurance policy, and any other insurance policies where you believe you may require it.

What Is the Purpose of Umbrella Insurance in the First Place?

If you have a lot on your plate, whether you entertain frequently, have a lot of people over, run a business, or have other scenarios that could jeopardize your investments, adding this additional coverage to your policy is critical to consider. If you frequently use your car to transport items or are simply on the road, umbrella insurance to supplement your vehicle insurance policy may be exactly what you need. If you transfer a group of people from one location to another, it may come in handy if you are ever in an accident and someone is injured.

What is the Purpose of an Umbrella Insurance Policy?

In two ways, an umbrella insurance policy protects your assets and your future:

  • When the limits on your homeowners, auto, and boat insurance policies are reached, umbrella insurance may provide coverage.
  • Umbrella insurance covers claims that other liability policies may exclude, such as false arrest, libel, slander, and liability coverage on rental units you own.

What Is Umbrella Insurance Covered For?

If you are a homeowner, someone may come to your house. If they slip and fall, you could be held liable for their injuries and any other damages. An umbrella policy provides additional assurance that their bills will be paid without you incurring a significant financial loss. It keeps your finances in order and helps you avoid certain lawsuits.

Even if your current homeowners policy covers injuries and damages, there are times when certain injuries are so severe that they aren’t covered at all, if at all. This is an added benefit that will protect your investment. You may be wondering what this type of policy could possibly cover. A few examples are provided below:

Personal Liability

This type of coverage is also useful for other personal obligations. This coverage may pay your legal fees if you are ever sued for slander or libel, or if you are accused of malicious prosecution. Although umbrella policies are frequently overlooked, speaking with an agent about the possibility of putting one in place to protect your interests can provide you with additional information as well as peace of mind.

A Bodily Injury

If you have a dog and it bites someone, for example, you’ll be glad you have umbrella insurance. Furthermore, if you have visitors and they slip and fall on your property, this coverage may cover their injuries.

Property Damage

An umbrella insurance policy may cover any damage or loss to someone else’s property. This could range from your child accidentally breaking someone’s glass while playing baseball to damage to a car caused by you.

Understanding how an umbrella insurance policy can help you in the long run can be beneficial. It is always preferable to be safe rather than sorry. If you have any questions about umbrella insurance policies, please contact Panichelle Insurance at

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