Accidents happen, and challenges arise despite our best intentions, so we acquire insurance to protect us and our families against those unforeseen events. Among the most valuable forms of insurance are umbrella policies that supplement your primary insurance. If you want to see how you might benefit from an umbrella policy, contact the U.P. Insurance Agency Inc. team that serves Negaunee, MI.
How Umbrella Insurance Protects You When Sued
Your home, renters, auto, and similar policies cover damages to your property and the liabilities when you are found at fault for injuries suffered by others at your residence or related to your vehicle. Since each policy limits the dollar amount covered, umbrella insurance covers the amount exceeding a primary policy’s limits. Your primary policies also protect you in certain types of lawsuits, and umbrella insurance extends their coverage as well.
More broadly, umbrella insurance typically covers defense costs, judgments, and court costs if you or a household member is sued for the following:
-Personal injury and bodily injury to others
-Property damage
-Slander, defamation, and libel
-Invasion of privacy
-Wrongful eviction and entry
-Malicious prosecution and false imprisonment
Personal umbrella insurance does not extend to situations tied to business and professional activities or liabilities assumed under a contract. Neither does it cover harm caused that is criminal in nature or intentional.
As with all policies, discussing the coverage specifics with your insurance agent is best.
Working With U.P. Insurance Agency Inc
There is comfort in knowing you and your family have protection in a world where anything can happen. If you live in or near Negaunee, MI, and want to discuss umbrella or other insurance, call or stop in to see our team at U.P. Insurance Agency Inc.
