Umbrella Insurance

Not all policies are created equal, with umbrella coverage often consolidating numerous policies into one. With this in mind, many clients can benefit from coverage suited for property damage, personal liability, and injury lawsuit protection. Below, McCluskey Insurance Services LLC defines what to expect from your umbrella policy.

What Does Umbrella Insurance Cover?

Property Damage Liability

Property damage liability takes care of damage to another person’s property when your underlying coverage can no longer pay for the expenses. If, for instance, you cause an accident that results in significant repair expenses exceeding your auto limits, umbrella insurance will help you take care of the outstanding balance.

Bodily Injury Liability

If you are found liable for any bodily injury to 3^rd parties, bodily injury liability helps you cover costs that exceed your primary policy. This means that if your auto, boat, or home insurance gets exhausted, umbrella insurance will help you cover the ensuing medical bills. 3^rd party harm can arise when your guests get injured while visiting your home from trip or fall accidents, instances when you cause an auto accident or your pet harms your guests.

Landlord Liability Claims

If you own rental units and face a lawsuit for negligence, umbrella insurance will help you pay the associated legal fees. Instances that could give rise to this include a tenant’s pet causing injuries to another person or faulty structures that injure your tenants.

Other Claims

Some claims may not be covered by general policies, with numerous parties required to pay out-of-pocket expenses when they occur. Examples are libel when you make a defamatory written statement, slander when you make injurious spoken remarks, and mental anguish claims. Others that will also be covered by umbrella insurance include false arrest, imprisonment, and malicious prosecution.

Consider giving McCluskey Insurance Services LLC a call today to get any of the above policies. Our agents in Cincinnati, OH will help you get customized coverage with Ohio needs in mind.