Umbrella insurance in Boca Raton, FL, helps protect your financial assets in the event of a liability lawsuit. Accidents on your property can lead to significant legal claims, leaving you uncertain about your financial future. Umbrella policies provide an extra layer of protection.
Legal Defense
Most homeowners require legal representation when facing a liability lawsuit. Umbrella insurance can help cover the costs of a legal defense, ensuring you don’t have to deplete your savings. An insurance agent will work with you to ensure you have a reliable legal team by your side in court.
Settlements
An umbrella policy can also help cover the cost of settlements against you. However, it’s important to note that exclusions apply. Insurance typically does not cover intentional or malicious acts. For example, if someone slips and falls on your sidewalk, it is considered an accident and may be covered.
Conversely, if you engage in a physical altercation and push someone, it may not be covered because this is considered an intentional and malicious act. A representative at Coastal Premier Insurance Group can provide more details about coverage limitations.
Secondary Insurance
Umbrella insurance acts as a secondary policy to your homeowner’s insurance. Your homeowner’s policy will cover initial damages, such as medical bills. Once the limits of your homeowner’s policy are reached, the umbrella policy will step in to cover additional costs.
Understanding how this liability insurance works and ensuring you have sufficient coverage is crucial to protecting your assets. Contact Coastal Premier Insurance Group today to speak with a representative. We proudly serve the Boca Raton, FL, area.