What is Covered By Umbrella Insurance?

Umbrella insurance refers to insurance that provides extra protection when your existing coverage gets exhausted. This means that if you incur costs exceeding your auto, boat, or home insurance, umbrella insurance will help you pay for your additional expenses. Before signing up for any policy within Desoto, TX, it is worth considering the areas this insurance covers. Below, Don Atwell & Associates details areas that umbrella insurance offers protection from.

Property Damage Liability

Property damage liability covers you when you get into an auto accident that results in significant property and vehicle damage. Umbrella insurance allows you to cover the repair and replacement costs for fixing 3rd party vehicles and properties such as buildings when your auto policy gets exhausted.

Bodily Injury Liability

Umbrella insurance also covers medical bills arising when you cause injury to 3rd parties. Instances that could lead to this include auto accidents, your guests injuring themselves in your home, or when your pet harms your visitors. When either of these events occurs, and your primary policies can no longer cover the expenses, umbrella insurance covers the balance arising from the treatment costs.

Rental Unit Liability

Rental unit liability protects you against claims you encounter as a landlord. If, for instance, your tenants fall due to faulty building structures, umbrella insurance will help you cover your liability claims. In addition to this, it will also help you cover medical expenses when your tenant’s dog bites visitors in your rental properties.

General Claims

Everyday claims will often not be covered by numerous policies, a gap that umbrella insurance covers. These include libel and slander when you make injurious written and spoken statements and malicious prosecution. Others that will also be covered include mental anguish when you cause harm to other parties, detention, and false arrest.

To get umbrella insurance within Desoto, TX, consider reaching out to Don Atwell & Associates today. We will help you get tailor-made coverage for your everyday needs.