Umbrella insurance is not just for the wealthy. With the common occurrence of lawsuits, it is a must for every home, auto, and watercraft owner. Umbrella policies supplement the liability coverage you already have through your home and auto insurance and provide an extra layer of protection.
Personal umbrella insurance provides coverage when your liability exceeds the limits of your homeowner’s, auto, and boat insurance. The term “umbrella” is used because it covers liability claims from all policies underneath it, such as autos and homeowners policies. Umbrella insurance provides coverage for claims that may be excluded by other liability policies including:
- False Arrest
- Liability coverage for rental units you own.