What Does Umbrella Insurance Actually Cover?

You might have heard of the term "umbrella insurance," but what does it mean, and what does it cover? This type of insurance is particular and essential for business owners, no matter what company you run. Here’s what to know and how to get quality umbrella insurance in Temecula, CA. 

Umbrella Coverage Pays When Your Other Policies Are Maxed Out 

If you lose a claim filed against you and a judge orders you to pay more than your insurance policy covers, umbrella coverage picks up the rest. This prevents you from liquidating business or even personal assets and savings to make up the difference yourself. 

What’s Included?

Umbrella insurance includes coverage for multiple different types of claims, such as: 

  • Property damage claims. These claims are made against you for damage you or your business does to someone else’s or another business’s property. For example, if a company truck your business owns caused a major accident resulting in a $100,000 claim, and your auto insurance company only pays $50,000, then an umbrella policy would cover the other $50,000. 
  • Personal injury claims. These are claims against you for injuries on your property that you were found liable for. This coverage includes defamation and libel claims, invasion of privacy, and other negligence claims. 
  • Bodily injury claims. These often go along with personal injury claims and include coverage for the medical and funeral costs and other expenses related to an accident your business was determined to be at fault for.  

If you’re looking for quality umbrella insurance in Temecula, CA, contact the knowledgeable agents at Friant Insurance Agency today for service in your area. Call now at (800) 486-5108.