Umbrella Insurance
What does it mean to have "umbrella insurance" in Indiana?
Umbrella insurance is extra liability coverage that may offer you coverage after your primary policies, such as for home and auto, have been exhausted. An insurance company like Paul Marsh Insurance can educate you on the ins and outs of these scenarios to determine if umbrella coverage is right for you.
But what does umbrella insurance in Indiana cover?
What Umbrella Insurance Covers in Indiana
Umbrella insurance can offer you coverage for numerous different concerns and circumstances, but here are the most popular options that people in Indiana select.Property Damage Liability
If your auto coverage gets exhausted after you've been in an accident, umbrella insurance will cover the damage.
Bodily Injury Liability
Umbrella insurance offers protection when your primary coverage can no longer pay for third-party injuries.
Lawsuits
Umbrella insurance coverage may protect you from the following lawsuit claims:
- Libel
- Slander
- False arrest
- Malicious prosecution
- Mental anguish
What Umbrella Insurance Does Not Cover in Indiana
Business Losses
A separate insurance coverage policy is required for any business liability you incur, as umbrella coverage does not protect you from losses during business operations.
Liability Assumed Under Contract
Whether you have a written or oral contract, the liability you assume under the contract is not covered by umbrella insurance.
Personal Injuries and Property Damage
Personal injury insurance coverage is required for personal injury and property damage claims. Umbrella insurance will not protect you from them.
Intentional Acts of Harm
If you engage in any criminal or intentional acts of bodily harm or property damage to another person, umbrella coverage will not cover you like every other type of coverage. Do you need more information to make an educated decision on whether umbrella coverage is right for you? Contact Paul Marsh Insurance now and get the answers you need today!
