Umbrella insurance is coverage that offers you protection when your primary insurance policy limits are reached. Umbrella gives you coverage beyond that. It also prevents you from having to pay high out-of-pocket costs for injuries or accidents that you cannot afford. The Kingdom Tree Insurance Group understands the value of an accident, and in Tallahassee, FL, our agents can offer you information and get you covered with umbrella insurance.
Umbrella Liability Coverage
Bodily liability coverage will affect you if you injure someone. Hospital and medical bills can be astronomical. If you accidentally cause injury to someone, you will have to pay their cost for medical care. Umbrella insurance would kick in after the bodily liability coverage reached its limits.
Property liability insurance is for anyone who owns the property, such as home and business owners. You should consider investing in umbrella insurance because anyone that is injured on your property or as a result of your actions could file a lawsuit. You can be held responsible for your children’s actions if they damage someone else’s property. Consider the following example. Your daughter is shooting targets with a BB gun and accidentally hits a neighbors bedroom window. If the BB’s hit the side of the house, you could be responsible for the damage to the window and to repair the wall damage. This cost could exceed your insurance liability limits. If that is the case, then having umbrella insurance could cover the cost of the repairs.
Who Should Have Umbrella Insurance
Anyone who owns a business, a home, or a vehicle should have umbrella insurance. Those who are at an increased risk of a lawsuit should also have umbrella insurance that include:
Kingdom Tree Insurance Group in Tallahassee, FL can help you discover how much umbrella insurance you need.