Umbrella Insurance
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Umbrella Insurance
Umbrella insurance provides additional liability protection. It is often used to protect insured individuals from potential lawsuits and the enormous claims that can result. In other words, when an existing insurance policy’s liability reaches its limit, umbrella insurance can take over from there.
How it Works
Umbrella insurance provides an extra level of coverage beyond the normal limits of standard coverage. It can work with insurance that covers your home, your car, your boat and more. It can also help when facing accusations of libel or slander, false arrest and even from legal action.
This type of policy
can be a financial help for policyholders who own property they rent out. It protects the landlord from many adverse actions, like slip and fall claims, dog attacks or from the result of an injury if a person were to visit a rental unit and be hurt. It can also benefit those who have an auto accident in which property is damaged. Basically, umbrella insurance provides an extra layer of liability protection. It allows the policyholder to be fully protected from huge out-of-pocket payments.
Generally, coverage is available in levels beginning at 1 million dollars. Larger limits are possible for those with expensive assets and large wealth. The more assets you have to protect, the more useful you’ll find this coverage. Umbrella insurance can provide great coverage for a relatively inexpensive price.
Renters Insurance
ultimately gives you peace of mind. It’s a simple and affordable way to make sure your belongings are protected and your future isn’t disrupted by something unexpected. Whether you’re settling into a high-rise near Lake Buena Vista or a cozy apartment near Lake Hart, the right policy lets you enjoy your rental with confidence. The Beacon Insurance Agency is here to help you choose coverage that fits your lifestyle, your budget, and the way you live in Florida, so you can focus on enjoying your home instead of worrying about what might go wrong.
