Are Umbrella Policies with a Florida Insurance Agency Useful?

Do you know what protection an umbrella insurance policy provides? Florida homeowners who purchase home insurance often wonder whether they should add umbrella coverage to supplement their standard home insurance. Your FL insurance agency will be able to answer your questions about the intricacies of umbrella policies, but here is some basic information.

Standard home insurance policies provide protection for property loss, additional living expenses and liability. The liability portion of a policy is there to protect you from costs that are incurred when someone files a lawsuit because of an injury while visiting your home or harm suffered because of you. Umbrella coverage for home insurance is an extra layer of liability coverage above the limits of a standard home insurance policy.

The extra umbrella coverage adds protection when you have exhausted the liability limit on your standard policy. As well as increasing the liability limit, umbrella insurance covers a broader range of risks than a standard home insurance policy by providing protection for libel, slander and invasion of privacy claims.

The additional protection of umbrella coverage is useful to people who are at risk of being sued for more than the standard home insurance liability limits. Owning a swimming pool that is used by people outside the homeowner’s immediate family, for example, could expose a homeowner to increased liability risk. Talk to your FL insurance agency if you would like to know more about umbrella insurance.

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