Umbrella Insurance in Ohio

Umbrella insurance, also known as extra insurance or extra liability insurance, is the type of insurance that raises your liability coverage limits. Even if you already have an auto, home, commercial, or boat policy, umbrella insurance pays liability claims exceeding the coverage limits on the policies mentioned above. For example, if you caused a car accident with $70,000 damages and your auto insurance covers only $50,000, then the umbrella policy will cover the remaining $20,000. Umbrella insurance is not required, but it is worth having it. If you are not sure whether you should get this specific policy Capretta Insurance Agency, serving Parma, OH, his prepared the list of things you should be aware of:

• Umbrella insurance is universal. This means that both individuals and businesses in Ohio can purchase it.
• Umbrella insurance covers the range of liability incidents, including professional liabilities, malpractice, landlord liabilities, bodily injuries and death, libel, invasion of privacy, false arrest, and others.
• This type of insurance does not cover losses of your property, medical expenses, damage or theft of your property, and workers' compensation claims.
• Certain factors may have an impact on umbrella insurance coverage: owners of dogs, swimming pools, an outdoor jungle gym or trampoline, those who have a long commute, and those who entertain others frequently.
• Umbrella insurance will not cover individual lawsuits, including the commitment of a crime or an international act of harm. This includes discrimination, sexual harassment, intentional property, and bodily injury, and some others.

Since umbrella insurance is not required, you may think that you do not need it. However, it is the type of coverage that can guarantee you more financial protection in case something happens. If you live in Ohio and you are looking for a reliable insurance agency to purchase a policy, Capretta Insurance Agency is ready to assist you and find umbrella coverage that will suit your budget and personal needs. Give us a call today to talk to one of our agents and find out about the options available.