What Does Umbrella Insurance Cover?

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Umbrella insurance is a type of personal liability insurance that covers more than just the standard homeowner’s and auto insurance policies. Because it insures against things like libel and slander, it is a common type of policy taken out by journalists, politicians, and other people in the public eye. However, umbrella insurance in Florida is become an increasingly popular choice for regular citizens as well.

Here are some of the claims that umbrella insurance covers.

Higher limits on traditional liability coverage

Chances are that your homeowner’s and auto insurance policies already have some amount of personal liability protection included, but this amount may be relatively low. Umbrella insurance ups the maximum liability associated with these policies.

Rental property coverage

If you own rental properties, you can still be held liable for accidents or injuries that affect tenants or guests. Regular homeowner’s insurance will generally not cover these claims, but umbrella insurance will. Each property you own increases you overall umbrella insurance premiums, but the extra security can make life as a landlord much easier.

Florida dog bites quotesThings excluded from standard coverage

A variety of specific situations may be excluded from standard personal liability coverage. These include false arrest, slander, libel, and invasion of privacy. Chances are that none of these situations will ever affect you, but if they do umbrella insurance in Florida can help protect you, you family, and your assets.