What Is Umbrella Insurance And What Does It Cover?

If you have already auto insurance, home insurance, and life insurance, you may find it hard to believe that there could be yet another type of insurance that you need. 

What Is Umbrella Insurance?

Umbrella insurance is an extra type of insurance that provides coverage beyond the limits of other existing policies. Umbrella insurance can provide coverage for property damage, injuries, personal liability situations, and lawsuits. 

What Does Umbrella Insurance Cover?

When there is an incident on your property or a serious car accident with high medical bills, you may be responsible for damages exceeding the limits of your auto or home insurance policies. That is when umbrella insurance kicks in by providing extra coverage that goes beyond the limits of your existing standard policies. 

Here is what umbrella insurance usually covers:

• Liability in excess of car and home insurance policies
• Libel and slander
• Mental anguish and psychological harm
• Legal defense costs for covered losses
• Liabilities when you travel overseas
• Malicious prosecution
• Other things that are not covered by auto or home insurance policies
• False arrest

The main advantage of umbrella insurance is that it applies to more situations than standard home and auto insurance policies. It becomes especially useful when you are facing a serious financial loss because of the claim. 

Smith Insurance Agency of West Virginia in Kingwood WV – We Help Make Your Bad Days Less Stressful

If you live in Kingwood, WV or any other nearby town in West Virginia and you consider getting umbrella insurance, Smith Insurance Agency of West Virginia will be glad to help you find a policy you need. We specialize in all types of insurance, including umbrella insurance.