Umbrella policies are designed to help protect you and your family from unexpected costs associated with lawsuits, medical bills, property damage, and more. Suppose you’re looking for additional protection and peace of mind. In that case, an umbrella policy from Carr Insurance Group in Maryville, TN could be the right choice.
How An Umbrella Insurance Policy Works
An umbrella insurance policy provides additional coverage beyond typical auto and homeowners insurance. It covers claims exceeding those policies’ limits, such as personal psychological harm and mental anguish, which are not typically covered. This type of insurance benefits those with significant assets they want to protect from costly liability claims.
Does an Umbrella Policy Protect Against a Lawsuit?
An umbrella insurance policy pays out if you’re found at fault for injuries or damage and your other policies are insufficient to cover the costs. It also covers related legal fees and expenses associated with defending yourself in the lawsuit and any potential damages the court may award to the plaintiff. Additionally, umbrella insurance protects you from libel, slander, and defamation of character.
Who is Covered By My Umbrella Policy?
An umbrella policy helps protect the policy owner and members of their household in the event they are found liable for a covered incident. Generally, this includes the policy owner’s spouse, dependents, and other relatives living with them. Minor children who are under guardianship can also be included in the policy.
Contact Us Today
The Carr Insurance Group, serving the greater Maryville, TN community, is an excellent choice for umbrella insurance. We offer comprehensive coverage and are committed to providing excellent customer service to our clients. Contact us today to learn more about our umbrella insurance.