Umbrella Insurance - Marker Insurance
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Umbrella Insurance

Understanding Umbrella Insurance

Umbrella insurance helps protect you from claims and lawsuits that may go beyond the limits and coverage of other policies. Umbrella insurance helps protect your assets and your future in two ways:

  1. Umbrella insurance is a policy that goes over what is called underline policies, like – your Home, Auto boat, on the personal side or General liability, workers compensation on the commercial side. If these underline policies limits are exhausted – the Umbrella will add coverage.
  2. Umbrella insurance can provide coverage for claims that may be excluded by other liability policies including claims like false arrest, libel, slander, and liability coverage on rental units you own.

What does umbrella insurance cover?

Umbrella insurance provides additional coverage above the limits on the underline policies for:

  • Injuries
  • Damage to property
  • Certain lawsuits

What does umbrella insurance cover?

Umbrella insurance provides additional coverage above the limits on the underline policies for:

Injuries

Damage to property

Certain lawsuits

Examples of the coverages provided by an umbrella policy and how they protect you:

Bodily injury liability covers the cost of damages to another person’s body. Examples include the cost of medical bills and/or liability claims due to injuries caused by:

  • A serious auto accident where you’re at fault
  • Harm caused to others by your dog*
  • A guest in your home falls
  • A neighbor’s child falls while playing in your yard

 

Property damage liability covers the cost of damage or loss to another person’s tangible property. Examples include the cost associated with damage to vehicles and other property due to an auto accident where you are at fault.

 

Owners of rental units help protect against liability that you may face as a landlord. Examples include the cost of liability claims due to:

  • Someone tripping over a crack in the sidewalk of your rental property and suing you for damages
  • Your tenant’s dog biting someone and you being held responsible for the injuries

 

Coverage is also provided if you’re sued for:

  • Slander: An injurious spoken statement
  • Libel: An injurious written statement
  • False arrest, detention, or imprisonment
  • Malicious prosecution
  • Shock/mental anguish
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