One of your top priorities should be protecting your family and assets. However, even with your existing policy, getting additional coverage for extra protection is good. That is what we call umbrella insurance. If you reside in Milford, PA, and are not sure about getting an umbrella policy, RH Worthington Group takes you through how umbrella insurance works.

How It Works

An Umbrella insurance policy protects you and your assets in two ways.

• Provides coverage when the limits of auto, homeowners, and boat insurance have been exhausted
• Provides coverage for specific claims excluded in other liability policies like slander, false arrest, and libel. 

What it Covers

Umbrella insurance protects what your other insurance policies do not cover. Generally, it provides liability coverage for property damage, injuries, some lawsuits, and personal liabilities. You probably think your homeowners and auto insurance has you covered in some of these scenarios. And while that is true, umbrella insurance goes beyond the limits. Examples of Umbrella policy coverage include;

• Bodily Injury Liability- Helps cover expenses arising from bodily harm to another person. For example, consider an instance where your guest’s child gets hurt in your yard, or your dog causes damage to your neighbor. All medical expenses and any liability claims arising from those injuries are covered under umbrella insurance.
• Property Damage Liability- Helps cover the cost of damage to another person’s property. For instance, it could damage someone’s home due to a car accident where you were at fault.
• Owner Rental Units- provides cover against any liability you might face when you are a landlord.

Umbrella insurance also provides coverage when sued for malicious prosecution, slander, libel, and mental anguish.

What Is Not Covered

There are certain situations not covered in an umbrella policy, including;

• Your own injuries and damage to your personal items
• Intentional criminal acts that cause damage to another person
• A Liability associated with a contract you entered.

It is good to understand how an umbrella policy gives that extra protection you need. Residents of Milford, PA, looking for more information on the umbrella policy can contact RH Worthington Group Insurance and get assistance.