What is an Umbrella Policy and why you should have one

An Umbrella Insurance policy is a supplemental liability policy that provides additional coverage for damages and injuries caused by an insured individual beyond the limits of their existing auto and homeowners policies. This type of policy typically covers legal defense costs, settlements or judgments, and medical bills resulting from incidents like property damage, bodily injury, or personal injury. Additionally, an Umbrella Insurance policy may provide coverage for libel or slander, false arrest or imprisonment, wrongful eviction, and other similar liabilities.

Key Things to Know About an Umbrella Insurance Policy​

• An Umbrella Insurance policy is a type of insurance that provides additional liability coverage beyond the limits of your existing auto and homeowners/renters policies.

• An Umbrella Insurance policy covers legal defense costs, settlements or judgments, and medical bills resulting from incidents such as property damage, bodily injury, or personal injury.

• An Umbrella Insurance policy may provide coverage for libel or slander, false arrest or imprisonment, wrongful eviction, and other similar liabilities.

• Umbrella Insurance policies can be purchased for a variety of different coverage amounts, depending on the type of policy and the individual’s needs.

• Umbrella Insurance policies are typically inexpensive and can provide much-needed peace of mind.

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What does an Umbrella policy not cover? An Umbrella Insurance policy does not cover intentional acts, contractual obligations, punitive damages, or workers’ compensation claims, among other exclusions. It is important to read the policy carefully and to discuss any questions or concerns with an insurance professional.
Here at Elevated Insurance Group located in Hershey PA we work with our clients to provide them with the coverage they need and the peace of mind they deserve. We are a full service family owned Independent Insurance Agency.

Contact us today for more information about our Umbrella Insurance policies and how they can help you protect your assets and your family. We can be reached at 717-500-1978 or our email address is [email protected]