If you have ever been sued in California, the chances are that you know how challenging things can get when you don’t have enough funds to sustain you in court. We live in a litigious society where you can be slapped with a lawsuit anytime. So, how do you ensure that you are covered financially when in case of such incidences? Get a personal umbrella insurance policy? Correct. At PJF Properties and Insurance, we can help you get coverage that suits your needs. If you are not sure how and why umbrella insurance is for you, read on to find out!
What is umbrella insurance and what does it cover
Simply put, umbrella insurance is a unique type of personal liability coverage that adds an extra layer of protection on your primary policy, such as home auto and boat insurance. Umbrella insurance in California goes beyond and above what other policies offer. However, there is a catch; umbrella insurance is not self-dependent. Therefore, in case of an accident, you will need to utilize your home or car insurance, and if the amount goes beyond the limits, an umbrella can come in and offset the remaining.
Umbrella insurance basically covers the following;
- Personal liability for accidents that occur in your premises like a dog biting a neighbor’s child.
- Property damage caused by you or your child or listed member of the family
- Personal injury that you or another person in your family caused. This could also be your pet.
- Protection against libel, slander, false arrest and wrongful eviction
- An additional layer of protection for injuries, damage to someone’s car in case of an accident that you caused
- Legal fees to help defend yourself.
It is important to note that intentional damage is not covered under umbrella insurance. Damage made to exotic vehicles or property is also not covered, and damage to your own property is also not covered. Other significant exclusions include business activities and contract assumptions.
For more information, quotes or questions, feel free to speak to any PJF Properties and Insurance agent, and we will be happy to help.