Umbrella Insurance In California
Standard insurance policies like homeowners’ and auto insurance provides adequate coverage. However, there are circumstances where you will need extra coverage if a loss exceeds the limit of your standard policy. To get that additional protection, consider purchasing an umbrella insurance policy. Insurance by Allied Brokers can help you with your umbrella insurance needs.
Bodily Injury Liability
Suppose, by accident, you cause injuries to a third party, whether at home or in the car. Your standard policy may cover the arising costs. However, if the loss exceeds your standard policy, an umbrella policy comes in and covers the additional liability. That means you do not have to spend money from your pocket to cover the extra losses.
Property Damage Liability
Usually, your standard insurance policy should take care of any property damage you are responsible for, whether damage has been caused by your car or at your home. However, when the loss caused has exceeded your policy limit, an umbrella policy steps in and covers the additional expenses. This can cover the cost of replacing or repairing the damaged property.
Rental Unit Liability Claims
Umbrella insurance can protect you as a landlord against rental unit liability claims which you might face from time to time. For instance, if one of your tenants is injured due to a faulty structure and gets sued for damages, an umbrella insurance policy will cover the medical expenses and legal fees.
An umbrella insurance policy also helps cover most claims excluded in the standard policies requiring extra coverage. For instance, claims of libel, malicious prosecution, and slander are covered here. Also, if a third party sues you for mental anguish, false detention, and imprisonment, the policy will help cover the legal fees and damages.
If you feel that your current insurance coverage is not enough and you reside in California, you should contact Insurance by Allied Brokers. Our knowledgeable team is ready to answer your questions and ensure you get additional coverage.