What Can Be Covered With Personal Umbrella Insurance?

In today’s world, where lawsuits are common, protecting your assets and financial future is more important than ever. Standard insurance policies, like auto and homeowners insurance, may provide basic coverage but may not be enough for larger claims. That’s where umbrella insurance comes in. It can offer an extra layer of protection to shield you from significant financial losses. So, what exactly does umbrella insurance cover?

Personal Liability

Umbrella insurance can provide broad personal liability coverage, protecting you from claims like bodily injury or property damage caused by you or your family. For example, if a guest gets injured at your home or you accidentally damage someone’s property, umbrella insurance can cover costs beyond the limits of your homeowners or auto insurance.

Legal Fees

Legal battles can be costly, even if you win. Umbrella insurance can help by covering legal fees, court costs and settlements or judgments that exceed your primary policy limits. This can include attorney fees and other related expenses.

Libel and Slander

With the rise of social media, the risk of being sued for defamation, libel or slander has grown. Umbrella insurance can offer protection against these personal injury claims, covering the financial impact of harming someone’s reputation, whether intentional or not. Personal injuries are typically excluded from homeowners’ and renters’ insurance policies, making this a potentially valuable addition to your overall coverage.

Rental Property

For rental property owners, umbrella insurance can provide extra liability coverage beyond landlord insurance. This can be invaluable if a tenant or visitor is injured on your property and decides to sue.

Contact Us

Thrifty Insurance Services is a top choice for Upland, California, residents looking for adequate protection. With a focus on personalized service and a strong understanding of local needs, we can provide coverage tailored to your specific situation. Protect your financial future—contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.