While homeowners and auto insurance policies provide extensive coverage, they come with claim limits. Umbrella insurance acts as a secondary form of protection, covering expenses that exceed these limits. Learn more about this option in the following guide.

How Does Umbrella Insurance Work?

Umbrella insurance is a type of personal liability protection that can be invaluable when you’re held liable for a claim that exceeds your existing policy's coverage limits.

For instance, if you're held responsible for an accident with injuries where damages are higher than the limits of your auto insurance policy, umbrella coverage kicks in. The policy picks up where the auto coverage left off. 

What Does Umbrella Insurance Cover?

It covers costs associated with injuries and property damage sustained by others.

This type of coverage also includes protection from claims involving emotional distress. For instance, if your dog attacks a neighbor and sues you, an umbrella policy would fund their medical bills, lost wages, and pain and suffering.

Umbrella policies don’t apply to your own property. They also exclude damages caused intentionally and incurred during business activities, as well as any liability you’re contractually responsible for or related to war and armed conflicts.

Protect yourself from lawsuits and liability expenses with umbrella insurance from Daniel Oliver Insurance Agency in Edina, MN. Since 1983, their knowledgable team has provided a variety of products to protect people throughout Minnesota. They will assess your risks to help you find the best solution for your needs. Contact (952) 925-4454 to request a quote, or visit them online to learn more about their services.