There are many types of insurance to consider, and each has its own specific focus. If you have heard about umbrella insurance and would like to know what it can do for you, our agents at Peninsula Underwriters Insurance Agency are standing by.
What Is Umbrella Insurance?
Umbrella insurance works like its name implies: as a layer of protection. The coverage is not required in Florida, but it is recommended for anyone with significant assets. Coverage can also step in for the insured if a claim is filed against them for libel or slander.
Be Prepared With Umbrella Coverage in Gainesville, FL
When you have homeowners or auto insurance, each policy has a limit. If you are subject to a situation resulting in property damage or bodily injury where the limits of either policy are reached, an umbrella policy will make payments up to its limits. The additional coverage helps to protect your personal assets.
Who Should Have Umbrella Insurance?
Umbrella insurance is especially beneficial if you have significant assets. A policy can help protect assets like your savings, future earnings, and others.
Homes with a swimming pool or other types of play equipment where a visitor could be injured are good candidates for an umbrella, as they are high-risk activities. And if you have pets, such as a dog that could bite a visitor, that’s a risk as well.
If you own rental property, umbrella insurance adds protection against tenant accidents when your landlord insurance policy limits are reached.
Contact Us
If you have questions about purchasing umbrella insurance to cover your Gainesville, FL, assets, speak with one of our agents at Peninsula Underwriters Insurance Agency for more in-depth information.
