Umbrella Insurance

While your homeowners, auto, and even boat insurance policies provide for some liability protection, you might want to consider purchasing an umbrella policy for additional personal liability coverage. An umbrella policy provides coverage over the limits of traditional home and auto policies and gives you added protection from situations not covered by these plans. Having an umbrella policy better protects your financial assets from legal risks.

What Does Umbrella Insurance Cover?

Like your home, auto, or boat policy, an umbrella insurance policy covers personal injury and property damage liability claims. Often purchased by landlords, this insurance extends protection to claims often excluded by other policies. Here’s what you can expect it to cover:

  • Personal Injury Liability: If another party is injured in an accident you cause while driving or an accident that occurs while they are on your property, you may be held liable for the cost of their medical expenses. While your car or homeowners’ policies would cover the additional liability damages, an umbrella policy provides coverage beyond the limits of those policies, safeguarding your personal assets from liability claims.
  • Property Damage Liability: If you or a member of your household causes harm to someone else’s property, this coverage kicks in to pay for the damages. For example, if your teenager plows into the side of a building or your dog tears up the neighbor’s fence, this coverage would pay to repair the damage done.
  • Landlord Liability: Owning rental units exposes you to additional liability claims from anyone injured on your property or harmed by your renters. Adding umbrella insurance to your existing coverage helps protect you from potential lawsuits.
  • Other Personal Liability: If sued for things like slander, libel, mental anguish, and more, an umbrella policy helps you pay for your defense as well as the settlement.

Find Umbrella Insurance in Greenville

At Upside Insurance, we can help you find an umbrella policy that provides you with extra protection from personal liability. Paying a small monthly premium is a smart move that protects the assets you’ve worked so hard to earn. To get started, contact us today to get free quotes from South Carolina’s best insurance companies! Our licensed agents can walk you through policy details and pricing, helping you select the coverage that’s best for you.