Does Umbrella Insurance Cover My Physical Property?

Umbrella insurance sounds a lot like a term that encompasses everything you could think of. However, these policies are typically only designed to provide additional coverage in the case of a liability or slander claim. It goes above and beyond the limits of your general coverage so you don’t have to pay for the expenses out-of-pocket. If you’re thinking of getting this extra form of protection, Palm Valley Insurance Inc. wants you to understand more about how it works. 

Liability Claims 

Everyone is subject to liability claims, regardless of where they live in Ponte Vedra Beach, FL or what they do for a living. Even an unemployed person renting an apartment can have a liability claim filed against them if their friend trips in their hallway and breaks their leg. However, some people are simply more prone to claims than others. For example, an executive in a high-profile position may be seen as more of a target by outside parties. A general liability policy will have limits as to how much it pays out, and a person can easily reach those limits early into the claim process. 

Finding Help

Umbrella insurance is there to fight major claims or to settle them outside of court. It can even help a person restore their public reputation if they were wrongfully accused. Umbrella insurance can be a smart move for anyone to buy — especially if they own their own home or business. If you live in Ponte Vedra Beach, FL and want to learn more about how a policy can protect you, call Palm Valley Insurance Inc. today. We make it easy to understand the terms of your general liability policy, and how you can use an umbrella policy to protect your livelihood from a potential lawsuit.