What Is Personal Umbrella Insurance?

If you’re not sitting on millions of dollars in liquid assets, you probably can’t afford being sued for significant liability. That’s why many people choose to get a personal umbrella insurance plan in Corydon, IN. This type of insurance is designed to protect you from defense and liability costs if you are sued for something your regular insurance does not cover.

The term “umbrella” makes it sound like it might cover everything other policies do not, but it’s actually restricted to defense and liability costs that aren’t already covered by your insurance. If you’re held personally responsible for injury or property damage, this type of insurance will cover legal costs and judgments either in addition to or in lieu of other policies, and works along with your renters, auto, homeowners and even boat insurance, depending on which policies you already have. If your policies are bundled, you’ll only need one personal umbrella insurance plan in Corydon, IN to cover the rest of the potential liability.

Umbrella insurance does not cover property damage to your own home or vehicle, nor does it protect you if someone steals your belongings, car or boat. It is simply a policy to protect you if you cause damage or injury to another person and are held personally liable. Here’s a closer look at what it covers:

These are just a few of the situations in which having a personal umbrella policy could very much come in handy. If you’re interested in learning more about umbrella plans and what they can do for you, call Harvey Sarles Insurance Agency today for a free quote. We look forward to assisting you soon.