Our increasingly litigious society demands that we have sufficient coverage for our assets and emergency situations. The standard home, boat, or auto insurance coverages are never adequate particularly in grievous circumstances, and that’s why at Palm Valley Insurance, Inc. in Ponte Vedra Beach, FL, we always recommend that residents purchase umbrella insurance.
Extra liability coverage or umbrella insurance shields you from lawsuits and other comprehensive coverage options that may not be covered in the standard traditional insurance coverage. Umbrella insurance includes the following:
Bodily injury
Bodily injury liability covers the medical expenses of other people when you are at fault. For example, injuries sustained by another person through an accident that you caused or when you accidentally hit a pedestrian.
Property damage
Property liability pays the cost on losses as a result of:
- Car and property damaged due to accidents.
- Damage made by kids or pets such as breaking a neighbor’s glass window.
- Damage made from your children on school property.
Rental/landlord liability
This coverage is primarily useful to landlords who may get sued by their tenants or visitors in the building due to various reasons surrounding their property like falls caused by cracked patios.
Libel and slander
Libel or slander liability coverage protects you from illegal lawsuits by another person over something that you did, said, or wrote.
Umbrella insurance in itself is not self-sufficient and can only be used once your home or auto insurance coverage is inadequate to cover all costs. Break the chains of home and auto insurance constraints using umbrella insurance today. Visit us at Palm Valley Insurance, Inc. in Ponte Vedra Beach, FL for all your insurance obligations or new policy discussions.
