Umbrella Policy

What Does Umbrella Insurance Cover?

If you have a serious car accident involving huge medical bills or an incident on your property, you can quickly find yourself responsible for damages that exceed the limits on your auto, boat, motorcycle or homeowners policies. 

An Umbrella Insurance Can Provide:

  • An extra $1 million to $10 million of liability coverage, which can help protect assets such as your car, boat, rental properties and home.
  • Coverage for claims like libel, slander, defamation of character and invasion of privacy. 
  • An Umbrella also helps cover defense costs, attorney fees and other charges associated with lawsuits. 
  • This coverage also extends to international occurrences.

An umbrella policy is a valuable addition to any auto, homeowners or other policy for extended personal liability protection.

In today’s world, anyone can get hit with a lawsuit. That’s why it’s more important than ever to consider an added layer of protection for your assets – and your peace of mind.

An umbrella policy protects you when your liability limits are exhausted.

If you have assets that are not protected you could get sued for more than the limits of your regular auto or home poliies.

If you have assets like multiple rental properties or other assets you could be a prime target for a lawsuit.

The main thing to do is to make sure you’re propery insured with the same limits as you don’t know where a loss could occur- just raising your current limits may be all you need.  Liability insurance is one of the few real bargains in insurance.  

However, if you have assets and need coverage, the Minneapolis Insurance Specialists Team represents many top rated insurance companies like Travelers and can provide advise and quotes.  Most people are surprised umbrella policies are affordable.

 

 


Image courtesy of: Carol (vanhookc)

Photo By Carol (vanhookc)

Travelers

Umbrella Insurance Calculator

What Could Happen If I Don’t Have Rideshare Insurance?

lyft insurance
Image courtesy of: stockcatalog

Driving for Lyft or Uber can be a great way to monetize your commute. One can earn eatra money or have a job with great flexibility.

However, if you drive for a rideshare company you need to check your insurance policy to see if you are covered.

There are gaps in coverage when driving for rideshare companies like Lyft and Uber.

Lyft and Uber also have large deductibles when you are covered.  Lyft has a $2500 deductible and Uber has a $1000 deductible.

This can really sting if you can’t afford to get your vehicle fixed or you’re not covered – especially if driving is all your income or a big portion of it.  No vehicle – no way to earn!

If you need help reviewing your policy or would like to get quotes contact 612.460.7796.

The Insurance Specialists Team represents many companies that offer rideshare insurance.  Often they can get you a policy for less than you’re currently paying. 612.460.7796