You have insurance to protect your family and your assets, but what happens if you find yourself in a situation in which your insurance is not sufficient? That is where personal umbrella insurance comes in. Pipeline Insurance Services will help you find an umbrella policy that fits your needs.
A personal umbrella policy, or PUP, is a type of insurance that gives you liability coverage beyond your auto or homeowners policy. If your liability coverage is not enough to cover damages of an accident on your property, an umbrella policy will kick in. Think of an umbrella policy as extra protection when your homeowners or auto insurance is not enough.
Umbrella insurance protects you from lawsuits and major claims in two ways: it provides extra liability coverage beyond the limits of your homeowners or auto insurance policies, which kicks in when the liability on these other policies runs out. It also provides overage for claims that may be excluded by your other policies, such as slander, libel, false arrest or liability coverage for rental units you own.
A personal umbrella insurance policy will provide coverage for:
This type of coverage covers the cost of injuries to another person, including medical bills and liability claims caused by a guest falling in your home, harm caused by your dog, harm caused by a serious accident where you were at fault, and injuries sustained to a neighbor's child who gets hurt in your yard.
This coverage pays for the cost of damage or loss of someone else's property. Examples include damages caused by an auto accident or damage to school property caused by your child.
This coverage will also protect you against liability you can face as a landlord. For example, it can cover you if your tenant's dog bites someone and you are held liable, or someone gets hurt on the property.
Personal umbrella policies are available in million dollar increments and help protect you against whatever life may throw at you. Contact Pipeline Insurance today for competitive, free insurance quotes for umbrella insurance. You can choose the policy and coverage options that work best for budget and situation to make sure you have the level of coverage you need.