Learning About Your Options
There are many incidents where unforeseen accidents occur in which the person's insurance does not cover the full cost of medical bills, auto repair, and more. And as a result, people who endured this mishap and their loved ones experienced devastating financial losses. There are times when even having full, comprehensive coverage is not enough to cover medical bills, auto repairs, and more. With this umbrella insurance coverage, however, you can avoid these types of situations.
What is Umbrella Insurance?
Umbrella insurance, aka Excess Liability Insurance, is coverage that goes beyond traditional policies in that it shields to protect policyholders from tapping into their investment funds, savings, and future earnings. This type of insurance covers a broad range of cases to ensure you are legally secured regardless of the accident or the incident.
Umbrella insurance covers the settlements and fees you may have to pay due to being found at-fault in a court case. This includes settlement and fees you may be required to pay due to libel, slander, or defamation. This insurance also covers expenses you may be required to pay in cases of false arrest and imprisonment. Furthermore, umbrella insurance policies typically cover the following most common claims:
- Defense costs
- Teen drivers
- Dog bites
- Homeowner's liability
- Slander and false arrest
- Intoxicated party goer
- Pain and suffering
- Volunteering - this is coverage that pays for litigation costs that someone served you for charges of negligence through a charitable organization.
Contact our Office!
When it comes to umbrella insurance, ask a reliable insurance agent to ensure you get the right instruction and coverage today. With Nest Insurance Services, you will be in superb hands. Serving the state of Florida, Nest Insurance Services is highly trained and experienced; thus, they will lead you in the right direction. Contact us today.