If you have a home insurance policy, you’re probably already aware that it includes liability protection. This means that if someone is injured on your property, liability insurance can help cover related expenses, including legal fees, medical bills, and more.
You may also know that umbrella insurance provides liability coverage. So why get umbrella insurance if you already have home insurance? The team at Percheron Insurance Group, serving Pinellas County, can help answer that question. We work with our customers to determine what type of insurance they need, how much coverage makes sense, and more.
What Is Umbrella Insurance?
Umbrella insurance provides extended liability coverage when it’s needed most. Your home insurance liability coverage is there to help pay legal fees and other related expenses if you’re sued, but that coverage only goes so far. Umbrella insurance kicks in once your home insurance liability limits have been exhausted, allowing it to continue covering costs related to the lawsuit.
What Are the Benefits of Extended Liability?
Having extended liability coverage can mean the difference between full protection during a lawsuit and paying high costs out of pocket. If your total assets exceed what your home insurance liability coverage provides, umbrella insurance can make a real difference.
How Can You Tell If You Need Umbrella Insurance?
Do you have a pool or a trampoline? Are your assets greater than the liability coverage provided by your home insurance policy? If so, you may benefit from umbrella insurance. Call the professionals at Percheron Insurance Group, serving Pinellas County, today.
