Umbrella Insurance
At Insure House Company, we know that your personal belongings are an
extension of you, and oftentimes, the things you hold onto the most are the items in
which you’ve invested much time and money. The Personal Property Insurance of your
Homeowners policy will protect your valuables up to a certain amount, but may not cover many of your most prized possessions.
Umbrella insurance is extra liability insurance. This type of insurance policy is designed to help protect you
from major claims and lawsuits and as a result it helps protect your assets and your future. It does this in two ways:
1. Provides additional liability coverage above the limits of your homeowners, auto, and boat insurance policies.
This protection is designed to kick in when the liability on these other policies has been exhausted.
2. Provides coverage for claims that may be excluded by other liability policies including: false arrest,
libel, slander, and liability coverage on rental units you own.
Umbrella insurance provides coverage for:
Injuries
Damage to property
Certain lawsuits
Personal liability situations
Bodily Injury Liability – covers the cost of damages to another person's body.
Examples include the cost of medical bills and/or liability claims as a result of:
Injuries to other parties due to a serious auto accident where you are at fault
Harm caused to others as a result of your dog*
Injuries sustained by a guest in your home due to a fall
Injuries sustained by a neighbor's child who falls while playing in your yard
Property Damage Liability – covers the cost of damage or loss to another person's tangible property. Examples include the cost associated with:
Damage to vehicles and other property as a result of an auto accident where you are at fault
Damage claims incurred when your dog* rips a friend's priceless oriental rug to shreds
Accidental damage to school property caused by your child
Owners of Rental Units – helps protect against liability that you may face as a landlord. Examples include the cost of liability claims as a result of:
Someone tripping over a crack in the sidewalk of your rental property and suing you for damages
Your tenant's dog* biting someone and you being held responsible for the injuries
Coverage is also provided should you be sued for:
Slander – injurious spoken statement
Libel – injurious written statement
False arrest, detention, or imprisonment
Malicious prosecution
Shock/mental anguish
Other personal liability situations