Under the Umbrella: The Benefits of Extra Liability Coverage

Many insurance policy holders operate under the assumption that the coverage they have is sufficient for every possible event. In most cases, however, this is not true. An insurance agent near Boston can set you up with an umbrella policy that provides extra liability when you need it.

How It Works

Your homeowners or general liability policy has certain limits, and those limits can leave you vulnerable. If, for example, the limit on bodily injury payouts in your homeowners policy is $100,000, and the injured visitor’s medical bills exceed that amount, who is going to pay the excess cost? That’s where your personal umbrella policy kicks in. It covers what other policies don’t so that you aren’t stuck with an enormous bill.

What It Covers

There is a wide range of scenarios where a personal umbrella policy could come in handy. In addition to extending beyond the parameters of general liability, it also covers situations that are excluded in other policies:

  • Damage that you, your child or your pet cause to someone else’s property
  • Bodily injury caused by your pet
  • Accidents that occur at your rental properties
  • Slander or libel suits
  • False arrest or detention

You can’t be too careful when it comes to protecting yourself, your family and your property. Consider talking to an insurance agent near Boston about adding an umbrella policy to your insurance package.