Personal Umbrella Insurance

Liability insurance policies help protect you and your assets, but sometimes the cost of claims exceeds the limit of a specific policy, such as homeowners and auto. That’s where umbrella insurance comes in. 

What Is Personal Umbrella Insurance? 
Personal umbrella insurance provides extra protection beyond the existing limits and coverages of other policies. It’s designed to kick in when another policy reaches its limit on a costly claim. Umbrella insurance may also offer coverages that aren’t included in other policies. 

How Does an Umbrella Insurance Policy Work? 
Umbrella insurance offers protection in two important ways: 

• Umbrella insurance is a safety net that may provide coverage when other policies, like homeowners, auto and boat insurance, reach their limits.
• Umbrella insurance may provide coverage for additional liabilities, such as false arrests, libel, slander and liability coverage on rental units you own. 

What Does Umbrella Insurance Cover? 
Umbrella insurance can help provide additional liability coverage for the following: 

 

• Bodily injury to others
• Property damage to others
• Lawsuits regarding defamation, libel, slander and invasion of privacy
• Incidents that happen outside of the U.S. 

Who Needs Personal Umbrella Insurance? 
Many people could benefit from umbrella insurance, but it is recommended most often to wealthy individuals or families with a higher likelihood of being sued. If any of the following statements are true, you may want to consider a personal umbrella insurance policy: 

• You have a swimming pool, pond or trampoline.
• You own a dog, horse or other large animal.
• You often host large parties on your property. 

Personal Umbrella Insurance Quote in Florida 
If you’re interested in learning more, contact Iten Insurance Agency. Our experienced insurance experts can help you get a quote for a comprehensive insurance policy to fit your exact needs.