You never know what the future holds, but you can always plan for it by obtaining umbrella insurance with PorchLight Insurance. This type of insurance offers extra coverage to your standard insurance policies, including auto, home, boat, business, and motorcycle insurance. It’s important to note that umbrella insurance is a liability policy that doesn’t work on its own; it comes in when your typical insurance policy’s limit is surpassed. All standard insurance policies have exclusions, and as such, umbrella insurance can rescue you at such times.
While each state doesn't mandate you to have umbrella insurance, severe accidents and large lawsuits could render you or your business bankrupt. We live in a litigation society where everyone is at risk of being sued every single day. Umbrella insurance safeguards you from unknown risks. Depending on your needs, umbrella insurance can be categorized into a personal and commercial umbrella policy. Some of the coverage options that you can choose from include:
Additional bodily injury liability: Covers the cost of severe injuries caused towards a third party, including medical expenses, funeral expenses, and liability claims against you.
Additional property liability: Covers the extra cost of repairs/replacement of another person’s property.
Landlord liability: If you're a landlord, it covers injuries or property damage towards a tenant, beyond what your landlord insurance can cover.
Exclusions coverage: Covers liability claims against you that are excluded in your standard insurance policy. For instance, it can cover liability claims should you cause an auto accident in another country.
Personal injury: Protects you against lawsuits involving personal liability situations like slander, malicious prosecutions, false arrest, libel, defamation of character, and much more.
A few exclusions to this policy include your own injuries or damages, intended/expected damages, and criminal acts. At PorchLight Insurance, we offer customized umbrella insurance policies to fit your personal or commercial needs.
Contact us today and protect what's most important to you and your family.