What does umbrella insurance cover?

When you think of an umbrella, you think of that thing you use to protect you from the rain, snow, or hail, and umbrella insurance is based on the same principle. It protects you from unexpected and unforeseen circumstances that can arise and threaten your financial well-being.

An umbrella insurance policy is an extra insurance policy that goes above and beyond the situations that your regular auto and home insurance protect you from, such as accident coverage if you are involved in a crash and fire damage coverage to your home. If a situation arises and your regular insurance is not enough to cover the damages, an umbrella insurance policy will kick in and provide you with that extra level of protection but what exactly does umbrella insurance cover?

Here are some examples of when an umbrella policy can come in handy to protect you and your wallet:

You are found to be at-fault in an auto accident. While your regular auto insurance will cover damages to the other vehicle and some of the medical expenses involved, but sometimes that is not enough. If you are sued by the other driver for medical expenses and lost wages over and beyond the amount your regular auto insurance covers, your umbrella policy will take over.

You have a bonfire in your yard and catch your neighbor’s house on fire. The neighbor will want your insurance to cover the damages and your umbrella policy will do that for you.

A guest to your home falls down the stairs and breaks their leg. Your umbrella insurance policy will cover the medical expenses and lost wages of your friend.

These are just a few examples of the reasons an umbrella policy is important to obtain. To create the best policy for you and your situation, call upon the insurance agents you can trust at Clemens Insurance Agency in Parsons, KS today!