Having home and auto insurance can help pay for medical injuries that you’re liable for after a car crash and compensation to guests who were accidentally harmed on your property. But in some cases, this may not be enough to safeguard you from major losses after an accident. Fortunately, umbrella insurance offers the extra protection you need to fill in these gaps. The following guide will explain how this policy can maximize your coverage.

What Does Umbrella Insurance Cover?

Umbrella policies are designed to provide coverage when the limits of your other plans are exhausted. For example, if you are sued for more than what your home’s liability coverage limit is, the umbrella policy can pick up the remaining financial expectation.

Umbrella insurance can also help you avoid losses for incidents that aren’t expressly named in your base auto and homeowner policies—such as claims filed against you for libel, slander, or false arrest.   

What Incidents Aren’t Covered?

Umbrella policies are only designed for liability needs. As such, they won’t provide coverage if your own property is damaged.  These plans also won’t cover damages related to harm that you intentionally caused, broken contracts, or business activities.

When Should You Get This Coverage?

This policy can protect anyone who is sued, so assess the total risks you face. If your home has a swimming pool or you own multiple rental properties, for instance, you face a higher likelihood of accidents that could result in lawsuits. To best determine if your current coverage is enough, consult with a trusted agent.

If you’re unsure about the liability coverage limits of your personal policies, the professionals at Ebert Agency will help clarify your options. Serving Foley, AL, for nearly a century, this insurance company is known for providing personalized assistance and extending optimal protection to policyholders. For more details on all their coverage options, visit this agency online. To arrange a consultation or request a custom quote, call (251) 943-2281.