Numerous Brownsburg, IN residents, know that homeowners and auto coverage policies will cover property damage and injuries to other parties. While these are crucial to everyday living, major accidents can occur at any time, leading to extensive costs. Umbrella insurance comes in handy here, keeping you and your loved ones safe when such misfortunes occur. Below, Grove Insurance Agency outlines the benefits of umbrella insurance that will be worth your while.
Offers Liability Protection
Umbrella insurance offers liability protection when 3rd parties are injured in an accident that you are found liable for and when you cause property damage. If, for instance, you collide with another vehicle and cause extensive injury to other parties that exceed your auto cover, umbrella insurance kicks in and pays for the difference. Any property damage resulting from such an incident is also taken care of. Your umbrella cover also caters to injuries and damage that occur at your home, helping you pay your guests’ medical expenses and property repair costs.
Protects You From Lawsuits
In today’s world, lawsuits are a common occurrence, with numerous individuals facing costly legal battles every day. If you regularly entertain guests at your home and your friend gets injured or you cause damage to other people’s property, you will likely get sued for the damage caused. Umbrella insurance offers protection in such an instance, helping you pay any legal costs arising from your case and any damages awarded.
Covers You From Threats Not Covered in Your Standard Policy
Risks such as false imprisonment and mental anguish are often not covered by primary policies, requiring you to pay out of pocket when caught in such circumstances. Umbrella insurance fills this gap, providing compensation for such risks. In addition to this, it will also protect you when dealing with slander and libel claims.
To enjoy the above-listed benefits of umbrella insurance, call Grove Insurance Agency today. We will help you get customized policies during your Brownsburg, IN, residence.