Coverage for lawsuits and liabilities is the exact reason that umbrella insurance exists. Unfortunately, the world we live in is now a world of liabilities. A slip and fall can derail your financial future, if you don’t have umbrella insurance.
At Green Family Insurance Inc., we want to make sure that Illinois residents are protected from these problems in life. We can help you to design the umbrella insurance policy you need to feel secure against every legal threat.
What Does Umbrella Insurance Cover?
Umbrella insurance covers you for liabilities that occur for which you are responsible and did not intentionally cause. This insurance can provide protection when home or auto insurance liability coverages are capped out.
An umbrella insurance policy can also provide protection against libel, slander, defamation, and false arrests or imprisonment. If these problems happened and someone else is responsible for that damage, you can file suit against them to recoup your financial losses and suffering.
Umbrella insurance is always liability insurance. It will protect you when you are being held liable for a problem.
What Lawsuits Does Umbrella Insurance Provide Protection From?
Umbrella insurance provides protection against certain lawsuits on their own, and when your home, auto, or renters’ insurance doesn’t cover your damages.
The kinds of lawsuits that umbrella insurance covers include:
• Slander – spoken statements
• Libel – written statements
• False arrests or imprisonment
• Malicious or false prosecutions
• Mental anguish
• Other liabilities
It can also cover you for lawsuits related to home or auto accidents. If you have a slip and fall at your home, your renter’s or home insurance liability coverage will pay for that. If you have a car accident you are sued for, you will probably need insurance beyond what your policy provides. An umbrella insurance policy will cover any amounts above those coverage limits.
Protect Yourself With Umbrella Insurance
You can protect yourself from lawsuits with umbrella insurance. At Green Family Insurance Inc., we want Illinois residents to sleep better knowing they are covered when accidents happen. Call us today for a quote on umbrella insurance.
