Umbrella insurance is a supplemental type of insurance. It offers you additional liability protection beyond your standard insurance limits. When acquiring a policy, you should get the help of a reputable insurance agency such as Castillo and Associates, Inc. An Umbrella insurance policy can benefit you in many ways and provide additional protections for various situations.
What Does Umbrella Insurance Do?
- Umbrella insurance offers you liability coverage that exceeds the limits of your standard home, auto, commercial, or boat/watercraft insurance policies. If, for example, you are held liable for someone getting injured on your property, the costs may exceed the limits of your homeowner's liability insurance. If you have umbrella insurance, you won't have to pay for the extra charges from your pocket.
- Some claims may not be included in your standard policies. Umbrella liability helps to pay for those charges. They include false arrest, libel, mental anguish, false imprisonment, and slander.
- Umbrella insurance protects landlords from liability claims due to accidents on their property. It also covers dog bites. If a tenant has a dog and it bites a third party, umbrella insurance may help to pay for the person's medical charges.
- Umbrella insurance covers both bodily injury and property damage liability. It includes the costs of medical expenses and the cost of repairing or replacing other people's property.
It is important to note that you cannot buy umbrella insurance as an independent policy. It supplements other insurance policies. You can only claim it when your home, auto, commercial, or boat/watercraft insurance policy reaches its limits. Umbrella insurance protects all your assets in more ways than you can imagine. For more information, please contact our agents to discuss a policy.
Contact Castillo and Associates Inc. for your umbrella insurance needs in New Jersey. We can help you get a quote and get you started on a policy.