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Umbrella Insurance Coverage in Arcadia
When it comes to your home, car, boat, and other assets, you want to feel fully protected. Arcadia, FL umbrella insurance provides that added feeling of protection by giving you the additional liability coverage you need. Umbrella liability is a great way to make sure you have the protection to cover attorney fees, defense costs, and other charges associated with lawsuits, should there ever be a need for them. It is also a great way to ensure the insurance company defends you properly and does not just offer a lower settlement that could leave you personally responsible for very large sums.
What is Umbrella Insurance?
You are familiar with car insurance, boat insurance, homeowner and flood insurance, but what is umbrella insurance? Umbrella insurance is excess liability protection that helps to protect you from the costs of covered claims when those costs exceed the limits provided by your home or auto insurance policies.
If you are sued for damages, say from an auto accident, umbrella liability insurance will cover defense costs and pay amounts you are legally obligated to pay to others for their property or injuries caused to others from the accident.
An umbrella insurance policy provides you and your family with additional layers of liability protection. In this day and time, it does not take much to exhaust liability limits on your home, auto, or other insurance policies, which is where your umbrella insurance will kick in, if you have it.
Checkout our free downloads and video explanation below. They are a few real-life examples on how an umbrella policy stepped in and saved these policyholders from financial ruin:
How Much Liability Insurance is Enough?
Unfortunately, no one knows how much liability insurance is “enough.” Think for a minute if your condo caught fire and spread to neighboring units. What about someone being seriously injured in one of your rental properties, or your dog biting a neighbor's child or tripping up an elderly person? You know there could be lawsuits, and you do not know to what extent money damages will be awarded.
If anything like these examples happen to you, there is a very good chance that any liability limits you currently have may not be adequate. At Harris Insurance, we have been designing insurance policies for our clients since 1965. Our licensed agents have the expertise to create and monitor an umbrella insurance policy in Arcadia for you. It takes but a simple phone call to have us look at your current coverage and give you a free quote for an umbrella policy.
Does an Umbrella Insurance Policy have Requirements?
Yes, and different Umbrella Companies have different requirements. You must qualify for coverage and your Arcadia personal insurance policies must meet the Umbrella Insurance requirements in required limits and even insurance company ratings. This is one of the reasons why it is important to speak with a knowledgeable insurance Agent to make sure you are not left with coverage gaps or worse even after purchasing an Umbrella Policy.
What Does Arcadia Umbrella Insurance Cover?
Life can take serious turns now and then, certainly nothing you would want to happen. Whether it is a bad car accident, an incident on your property, or extensive medical bills from an accident, you may quickly find yourself needing much more protection than what is provided by your base liability limit in your insurance policies. This is why it is important to have an umbrella insurance policy.
Our umbrella insurance can provide coverage for:
• Legal defense costs such as attorney fees and other charges which are associated with lawsuits.
• Claims like libel, slander, invasion of privacy and defamation of character.
• Liabilities which happen outside of the United States.
• $1 million to $10 million or more in extra liability protection.
You just cannot beat a Arcadia, FL umbrella insurance policy as a valuable addition to your personal homeowner, auto, or boat insurances.
We live in a highly litigious society. People who have never been sued before can find themselves looking to defend their reputation or payout in the event of an accident or other event. It does not take much to feel as if your life is spinning out of control.
What is Not Covered by an Umbrella Policy
An umbrella insurance policy will not cover damage to your personal property. Other examples of what is not covered in an umbrella policy are:
• Intentional Acts – An umbrella policy will not protect you if you intentionally harm a visitor to your home, for instance. It is not designed to protect you from liability from someone becoming injured.
• Business Losses – Any damage to your business property, or losses in the running of your business, are not covered in a typical personal umbrella policy.
Even if you run a business from your home, a Personal Umbrella policy still will not apply to business endeavors. For any type of business coverage, consider purchasing business insurance and a business umbrella, commonly referred to as a “Commercial” Umbrella.
If you think that a Arcadia umbrella insurance policy is out of your price range, you might want to do some research as they are more affordable than you might think. They are also a great way to help protect yourself against major claims that can be potentially devastating.
At Harris Insurance, we know how to craft the right umbrella insurance policy for you. Everyone has unique needs. By speaking with us, we will give you the best coverage for you, your family, and your future.
Protecting Florida residents is something we have been doing since 1965. Our licensed agents are well versed in any type of insurance. Call us today for your Arcadia, FL umbrella insurance coverage. Stability is what you want in every aspect of your life. With an umbrella policy, you will have the extra peace of mind for when you seek the ultimate in protection.
We will provide you with our best quote. Because we work with over 150 insurance companies, our agents are always providing your best coverage for your home, car, boat, and every event yet to come. Contact us today.
