During a rain shower, a jacket and boots can help keep parts of you dry. But it’s a trusty umbrella that offers wider protection, especially when the downpour is unexpected and heavy. Umbrella insurance works the same way. Most policies extend safeguards beyond standard coverage. Here is a helpful guide on what umbrella insurance is and how it works.

What Is Umbrella Insurance?

It is essentially a liability policy tailored to cover perils not addressed by traditional car, homeowners, business, or another type of insurance. Policies are available in a variety of amounts to pay for damage repair and replacement costs up to a certain dollar limit. Once that limit is reached, the policyholder may have to pay out of pocket for any leftover claims. This is where umbrella insurance comes into play. The policy picks up the tab for those additional claim amounts.

What Does It Cover?

Depending on the carrier, umbrella insurance can cover a range of scenarios. For instance, property damage can extend to a dog destroying your roommate’s expensive leather coat. Additionally, it can help if you’re involved in a lawsuit following an incident, such as an accidental injury while hunting.

Umbrella insurance can also kick in for medical costs for physical injuries beyond an existing policy limit. These include injuries to guests or neighbors injured in your home or surrounding property. Tenants injured in rental properties are also covered. Most plans can be customized to also pay for lawsuits as a result of libel, slander, copyright infringement, or false arrests.

Life is full of the unexpected. If you have coverage in place now, the amounts may not be enough to cover more expensive claims. Hummel & Plum Insurance Agency in Chillicothe, OH, will help you fill in the financial gap. Since 1904, the local firm has continued to help individuals and businesses by providing reliable umbrella insurance plans from the nation’s leading carriers. To learn more about the unique and valuable coverage, call (740) 773-1620 for a free, no-obligation insurance quote. You can also request a quote online, where additional information is available on the agency’s full lineup of products.