When a claim goes beyond your standard policy limits, any remaining costs can come out of your savings or assets. Personal umbrella insurance can address that gap. Gene Smith Insurance Agency helps Florida residents find coverage that suits their situation.
Understanding Personal Umbrella Insurance
Personal umbrella insurance can provide additional liability coverage beyond the limits of your home, auto or boat policies. If you’re involved in a serious accident or face a costly lawsuit, your standard policy provides coverage only up to a certain amount. An umbrella policy can help cover remaining costs, including legal fees, medical expenses and damages awarded to others.
Who Can Benefit from This Policy?
This type of policy can work for people who may face higher-than-average liability risks, such as:
- Homeowners concerned about accidents on their property, like slips, falls or injuries during gatherings
- Drivers who want extra liability coverage after major auto accidents that may lead to large claims
- Individuals with significant assets or savings that may be exposed in a lawsuit
- Families with teenage drivers or frequent visitors, which can increase the chances of liability claims
What Does Umbrella Insurance Cover?
A personal umbrella policy can help with:
- Large liability claims that exceed your primary policy limits
- Lawsuits related to injuries or property damage you’re responsible for
- Legal defense costs, even if you’re not found liable
- Certain claims not covered by your other policies, such as libel or slander
Why Work With Gene Smith Insurance Agency?
Our team reviews your current policies, explains your options and recommends suitable coverage options. Contact Gene Smith Insurance Agency today to get a no-obligation quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.