Umbrella liability insurance protects you if you find yourself being sued and when you reach the limits of your regular liability insurance. Some people do not need it, but this type of coverage has the ability to relinquish you of extreme financial worries. The agents at Bryan Zane Terry & Associates, LLC can answer all your questions, but let’s give you a short synopsis.
What is Umbrella Liability Insurance for Nevada?
Basically, this type of insurance is additional coverage on top of your regular liability coverage. If you had a large claim in which you are at fault or a lawsuit against you, for example, umbrella liability insurance would cover you. This type of insurance protects you against the high expenses that result from situations like this.
How Does It Work?
Umbrella liability insurance provides you with coverage when you exceed the limits of your regular liability insurance. This applies to your liability of each type, including home, auto, and boat insurance. When you reach your limits on any of these regular liability policies, your umbrella insurance helps prevent the rest of the costs. Umbrella insurance covers the costs of what is excluded from your other liability policies. This can include libel, rental property liability, and more.
What Is Covered?
Your umbrella liability policy can cover the costs of injuries, property damage, and lawsuits. Your home and auto policies may already cover some of these events, but you would need umbrella insurance coverage if you were to reach your limits.
Bodily injury coverage is the part of an umbrella insurance policy that covers physical injury to anyone except the people who live in your home. This includes the claims and medical bills of the person who suffered the injuries. For example, if you are at fault in a car accident that causes injury to someone, if the person is injured by falling while in your house or yard, or if someone is injured by someone in your home, such as a child or a dog, with an umbrella insurance policy, you are covered by bodily injury coverage.
For those living in the state of Nevada, umbrella insurance is possible. All you have to do is contact an agent at Bryan Zane Terry & Associates, LLC. Don’t wait until something happens. It is best to secure insurance coverage right now! Call today!