Cover Your Assets with an Umbrella Policy

Umbrella Insurance Carlisle PAConsider your need for umbrella insurance.

Umbrella insurance is extra liability insurance that’s designed to protect you from major claims and lawsuits that may arise. This, in turn, protects your assets. While many people believe that an umbrella insurance policy is only for the rich and wealthy, umbrella insurance is becoming more important and affordable for everyone!

An umbrella insurance policy provides additional liability coverage to your existing home, auto, and boat insurance policies. This protection kicks in when the liability on these other policies have been exhausted. In addition, it provides coverage for claims that may be excluded by other liability policies including false arrest, libel, and slander.

Some coverages that an umbrella policy offers are:

  • Bodily injury liability
  • Property damage liability
  • Owners of rental units
  • Slander
  • Libel
  • False arrest, detention, or imprisonment
  • Malicious prosecution
  • Shock/mental anguish

Say you were to get in an auto accident, and the cost of injuries that you cause to others is $500,000. If your Bodily Injury limit on your auto insurance policy is $300,000, you could be faced with huge financial loss for the remaining $200,000. Alternatively, your umbrella insurance policy would handle the remaining costs up to the limit that you choose.

With accidents like these, no one can predict when they will need financial assistance. Instead, ensure that you will not face hardship from an accident. You can buy that peace of mind! For your all-encompassing umbrella insurance in Carlisle, Pennsylvania, contact Miller Insurance Associates today!