Umbrella Insurance in Florida
Umbrella insurance refers to a policy covering personal liability claims exceeding your underlying auto, home, and watercraft insurance. With this, you can rest assured that your assets are secure, helping you take care of any unforeseen events within Florida that could jeopardize your finances. Below, Insurance Warehouses of America discusses what umbrella insurance covers and what Orlando, FL residents can expect from their policy.
Property Damage Liability
Property damage liability will be your go-to when you cause damage to other people’s property. If, for instance, you collide with another vehicle and your auto insurance cannot cover the entire repair costs, umbrella insurance will pay for the underlying balance. It will also come in handy in paying for the costs of fixing any other damaged property, such as buildings and fences.
Bodily Injury Liability
Bodily injury liability covers you when you cause injuries to a 3rd party. Instances that could result in this include auto accidents, harm caused by your pets, or when your guests get injured in your home. If any of these events occur and your auto or home insurance gets exhausted, umbrella insurance compensates you for the treatment expenses.
Rental Unit Coverage
Rental unit coverage will come in handy for people who own rentals, allowing you to take care of any harm your tenants or other visitors get. These may include pet bites or when 3rd parties get injured due to faulty structures in your rental units. It will also help you cover your legal fees and damages awarded when you are sued.
General Claims Coverage
Umbrella insurance also helps you cover any general claims that you face on a day-to-day basis. These include slander, libel, and mental anguish. If you also face any claims related to imprisonment, false arrest, or malicious prosecution, umbrella insurance will pay for your legal fees and damages awarded.
If you reside within Orlando, FL, and are looking for umbrella coverage to keep you and your loved ones safe, consider reaching out to Insurance Warehouses of America today. Our Florida agents will take you through ideal coverage options for your needs.
