Homeowners Insurance: What is Umbrella Liability Coverage? | CompuQuotes.com

what is umbrella insurance

Homeowners Insurance: What is Umbrella Liability Coverage?

By Compuquotes Team on March 28th, 2008

They say that umbrella liability coverage is just for the rich; who would want to add extra premiums to pay except those who has the means to buy for one? However, this is just a misconception about umbrella liability coverage. It is more than an extra expense on your part. To explain more how it works, it would be best to see it through a real-life scenario.

• What umbrella liability coverage does?

Of course, your neighbor has all the right to sue you under your home insurance policy. Well, don't anymore think about, "It's his fault; it's I who should have sued him for trespassing." It was his life that was at stake and it's quite understandable for him to seek redress for the danger that he has faced.

In this re... http://auto-insurance.ucoz.com/news/what_is_umbrella_insurance/2013-07-01-4448

Umbrella Insurance: What is umbrella insurance and why do I need it? - MHB Insurance

what is umbrella insurance

Umbrella Insurance: What is umbrella insurance and why do I need it?

An Umbrella Policy is designed to provide additional liability coverage when you have reached the limits of your current policies. Most of us you carry several lines of insurance coverage for protection towards our personal assets. This can include auto insurance, homeowner insurance, or renters insurance. It can also be adjusted to include RV insurance, Boat insurance, Motorcycle insurance or even Airplane insurance.

These policies offer coverage for the property and also provide liability coverage in the event you injure another person or damage their property. Each one of these policies includes a limit that is the maximum amount that is paid out for a loss. If the limit is reached and it did not cover the entire loss, you become personally financially responsible.

... http://auto-car.ucoz.com/news/what_is_umbrella_insurance/2013-06-25-5108

What is Umbrella Insurance? Who Needs It? | Fox Business

what is umbrella insurance

What is Umbrella Insurance? Who Needs It?

Dear Insurance Adviser,

What is umbrella insurance, and how do I know if I need it?

-- Rainy-Day Woman

Dear Rainy, An umbrella policy was created to provide additional coverage when a lawsuit brought over injuries and/or property damage that you cause exceeds the liability limits on your car insurance, home insurance, boat insurance, etc.

An umbrella policy has three advantages. It provides additional lawsuit coverage of $1 million or more. It provides added coverage for defense costs, which can easily amount to $100,000 or more. And finally, it provides liability coverage for some lawsuits not covered by your underlying auto or home insurance. Examples include if you're sued over an incident involving a boat you rented on vacation, a car you rented in Europe, or even your work on ... http://insurance-a.ucoz.com/news/what_is_umbrella_insurance/2013-06-18-3428