3 Benefits of Umbrella Insurance

Umbrella insurance will provide coverage beyond your existing policies.

Umbrella Insurance Carlisle, PAMany people think of umbrella insurance as a policy only the super wealthy need. However, almost everyone can benefit from the coverage that is provided by a personal umbrella insurance policy. There are many reasons you should consider an umbrella insurance policy, including:

To provide extra coverage after a car accident.

The cost of just one accident can easily exceed your auto insurance coverage between the property damages and injuries. An umbrella insurance policy will kick in to ensure you aren’t left paying for the damages out of your own pocket.

To protect you from injuries that happen at your house.

If someone is injured while visiting your home, you can be held responsible for the medical bills. Umbrella insurance will cover the cost of the medical bills as well as any legal fees if you are sued after the accident.

To provide protection against libel, slander, or other excluded lawsuit.

You can face a libel or slander lawsuit based on what you post on social media. An umbrella policy will cover both the cost of the legal fees, as well as any settlement.

For all of your umbrella insurance needs to ensure you have the coverage you deserve, contact the insurance experts at Miller Insurance Associates in Carlisle, Pennsylvania.

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!