Umbrella insurance, which is often called excess liability insurance, is an optional, prudent financial & insurance decision for those living and/or working in and around Commerce, GA. And while its name – umbrella insurance, may seem to imply it covers an insured individual from every storm, the reality is that there are specific exclusions to this type of insurance, according to Hyman Brown Insurance Agency Inc.

An umbrella policy typically begins at $1,000,000 in liability protection and often has lower premiums when compared to other types of liability insurance.

Umbrella insurance performs as a supplemental liability insurance policy (as it extends standard policy limits) to other primary insurance liability policies and cannot be purchased as a standalone policy. It extends coverage for these types of policies for those living and working in the Commerce, GA area –

• An automobile policy.
• A home policy as a homeowner.
• A home policy as a renter, among others.

An umbrella policy relates to liability. For example, if a visitor becomes injured on your property, the injured party may sue you if they believe you were at fault. If found to be at fault, the insurance would pay costs associated with medical bills or other expenses resulting from the event.

But what is excluded from the coverage offered by an umbrella policy?

An umbrella insurance policy does not cover the perils typically included in a standard policy as it only applies to liability issues. An umbrella insurance policy will not include coverage for –

• One’s injuries.
• Criminal & intentional actions.
• Damage to the insured personal belongings.
• Property damage/injuries under certain circumstances – uncovered RVs or dog breeds not covered.
• Business-related damage or issues.
• Exclusions listed in an affiliated policy.

Umbrella insurance is a bit of a unique insurance product that is often found to be quite beneficial to business owners, renters, and homeowners. For additional information, please contact the insurance professionals at Hyman Brown Insurance Agency Inc.