Umbrella insurance is a unique insurance policy that provides coverage for multiple scenarios, making it an essential option for Arkansas residents looking to up their insurance benefits. If your underlying policies such as home, auto, and boat coverage are exhausted, umbrella insurance will provide you with the extra liability that you need during emergencies. Below, Providence Insurance Agency takes you through the various items covered by umbrella insurance.
Bodily Injury Liability
While policies such as auto insurance and home insurance typically cater to 3rd party bodily injury harm during accidents, the limits can quickly spiral out of control when the injuries are extensive. When this happens, umbrella insurance covers the remaining expenses in such situations, ensuring medical treatments are paid for. Guest injury expenses that occur within your residence are also covered by umbrella insurance, helping you offset covered dog bite injuries and fall accidents.
Property Damage Liability
If you cause extensive damage to multiple properties such as vehicles or buildings during at-fault accidents, your auto policy will likely get exhausted. In such a situation, umbrella insurance steps in to pay for property damage. Guest visits that also lead to 3rd party property damage will also be covered by umbrella insurance.
Rental Property Liability Claims
Rental property liability claims are common to landlords, with tenant injuries often resulting in significant injury claims. If you have rental units within the state, umbrella insurance will offer protection when someone accidentally gets injured while using common areas such as swimming pools or your yard.
General Liability Claims
General liability claims fall outside the scope of numerous insurance policies, resulting in individuals paying the claims out of pocket. Fortunately, umbrella insurance protects you in such instances, compensating you when you get lawsuits related to slander, libel, and malicious prosecution. If you are also sued for imprisonment, false arrest, or detention, umbrella insurance will compensate you for your expenses.
To get peace of mind, make it a point to reach out to Providence Insurance Agency today. Our Arkansas agents understand that your needs are different from other people, and that is why our umbrella policies are customized to suit individual needs. Contact our office to get started with a quote.